Tullow Oil (LON:TLW) Stock Breaks Below 200-Day Moving Average – Here’s Why

Tullow Oil plc (LON:TLW – Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 15.28 and traded as low as GBX 10.24. Tullow Oil shares last traded at GBX 11, with a volume of 16,588,322 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TLW. Peel Hunt reiterated a “buy” rating and issued a GBX 24 target price on shares of Tullow Oil in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 7 price target on shares of Tullow Oil in a research note on Thursday, October 1st. Finally, Canaccord Genuity Group increased their price objective on Tullow Oil from GBX 14 to GBX 15 and gave the stock a “hold” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tullow Oil has a consensus rating of “Hold” and an average target price of GBX 12.85.

Get Our Latest Research Report on Tullow Oil

Tullow Oil Stock Up 2.0%

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 £186.35 million, a P/E ratio of -5.59, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. The firm’s 50 day moving average is GBX 17.84 and its two-hundred day moving average is GBX 15.28.

About Tullow Oil

(Get Free Report)

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.

Further Reading

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