Tullow Oil (LON:TLW) Stock Price Down 12.3% – Time to Sell?

Tullow Oil plc (LON:TLW)’s share price traded down 12.3% during trading on Monday . The company traded as low as GBX 6.44 and last traded at GBX 7.11. 14,865,816 shares changed hands during trading, an increase of 39% from the average session volume of 10,732,723 shares. The stock had previously closed at GBX 8.11.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Panmure Gordon decreased their target price on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a research report on Monday, November 24th. Jefferies Financial Group reduced their price target on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Stock Down 12.3%

The firm has a market capitalization of £104.87 million, a P/E ratio of -0.51, a PEG ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a 50 day moving average of GBX 6.34 and a 200-day moving average of GBX 9.31.

Tullow Oil Company Profile

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.