Tullow Oil (LON:TLW) Shares Down 27.7% – Should You Sell?

Tullow Oil plc (LON:TLW)’s share price traded down 27.7% on Friday . The company traded as low as GBX 5.50 and last traded at GBX 6.17. 227,529,406 shares traded hands during trading, an increase of 2,479% from the average session volume of 8,822,303 shares. The stock had previously closed at GBX 8.53.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TLW shares. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. Jefferies Financial Group reduced their price target on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research report on Monday, October 20th. Finally, Canaccord Genuity Group lowered their price objective on Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 15.33.

Tullow Oil Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31. The stock’s 50-day simple moving average is GBX 9.87 and its two-hundred day simple moving average is GBX 12.70. The company has a market capitalization of £84.88 million, a price-to-earnings ratio of -0.41, a PEG ratio of -0.19 and a beta of 2.08.

About Tullow Oil

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.