Tullow Oil (LON:TLW) Shares Up 23.1% – Still a Buy?

Tullow Oil plc (LON:TLWGet Free Report)’s share price was up 23.1% during mid-day trading on Thursday . The stock traded as high as GBX 10.90 and last traded at GBX 10.50. Approximately 63,336,352 shares were traded during trading, an increase of 439% from the average daily volume of 11,745,229 shares. The stock had previously closed at GBX 8.53.

Key Stories Impacting Tullow Oil

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Analyst Upgrades and Downgrades

Separately, Panmure Gordon cut their target price on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of GBX 12.85.

Check Out Our Latest Report on TLW

Tullow Oil Price Performance

The company has a 50-day moving average of GBX 6.96 and a 200-day moving average of GBX 8.71. 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 firm has a market capitalization of £154.88 million, a price-to-earnings ratio of -0.75, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

About Tullow Oil

(Get Free Report)

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.

Further Reading

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