Shares of Tullow Oil plc (LON:TLW – Get Free Report) were up 11% during trading on Wednesday. The stock traded as high as GBX 9.78 and last traded at GBX 9.50. Approximately 18,485,117 shares were traded during trading, a decline of 7% from the average session volume of 19,830,119 shares. The stock had previously closed at GBX 8.56.
Analysts Set New Price Targets
A number of research firms have recently commented on TLW. Peel Hunt reissued a “buy” rating and issued a GBX 24 price target on shares of Tullow Oil in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 10 price objective on shares of Tullow Oil in a report on Wednesday, October 28th. Finally, Canaccord Genuity Group raised their target price on shares of Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 13.60.
Check Out Our Latest Analysis on TLW
Tullow Oil Stock Up 11.0%
The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of -543.66. The firm has a market cap of £143.93 million, a price-to-earnings ratio of -4.32, a PEG ratio of -0.19 and a beta of 0.55. The firm has a 50-day moving average of GBX 15.07 and a two-hundred day moving average of GBX 13.77.
Tullow Oil Company Profile
Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW). For further information, please refer to: www.tullowoil.com.
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