Tullow Oil (LON:TLW) Stock Price Down 11.8% – Here’s What Happened
by Renee Jackson · The Cerbat GemTullow Oil plc (LON:TLW – Get Free Report)’s share price fell 11.8% during mid-day trading on Monday . The stock traded as low as GBX 6.44 and last traded at GBX 7.15. 18,608,701 shares changed hands during trading, an increase of 71% from the average session volume of 10,902,854 shares. The stock had previously closed at GBX 8.11.
Wall Street Analysts Forecast Growth
TLW has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a report on Monday, October 20th. Panmure Gordon decreased their price objective on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research note on Monday, November 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Tullow Oil presently has an average rating of “Reduce” and a consensus price target of GBX 12.85.
Check Out Our Latest Stock Report on Tullow Oil
Tullow Oil Price Performance
The company has a 50 day moving average of GBX 6.34 and a 200 day moving average of GBX 9.31. The stock has a market capitalization of £104.87 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31.
About Tullow Oil
Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow’s operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).
For further information, please refer to: www.tullowoil.com.