Tullow Oil (LON:TLW) Trading 8.9% Higher – Still a Buy?

Tullow Oil plc (LON:TLW)’s stock price rose 8.9% on Monday . The company traded as high as GBX 12.10 and last traded at GBX 11.98. Approximately 18,382,098 shares changed hands during trading, a decline of 4% from the average daily volume of 19,169,301 shares. The stock had previously closed at GBX 11.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on shares of Tullow Oil from GBX 7 to GBX 13 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. One 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of GBX 13.60.

Tullow Oil Stock Performance

The stock has a market capitalization of £176.71 million, a PE ratio of -0.86, a P/E/G ratio of -0.19 and a beta of 0.37. The company has a debt-to-equity ratio of -750.59, a current ratio of 0.55 and a quick ratio of 0.63. The business’s fifty day moving average price is GBX 11.79 and its 200-day moving average price is GBX 9.13.

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.