Tullow Oil (LON:TLW) Stock Price Down 32.2% – Time to Sell?

Tullow Oil plc (LON:TLW)’s share price was down 32.2% during trading on Friday . The company traded as low as GBX 5.50 and last traded at GBX 5.78. Approximately 245,320,609 shares traded hands during trading, an increase of 2,653% from the average daily volume of 8,909,780 shares. The stock had previously closed at GBX 8.53.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TLW shares. Canaccord Genuity Group cut their price target on shares of Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating on the stock in a research note on Thursday, August 7th. Shore Capital reaffirmed a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. Finally, Jefferies Financial Group decreased their price target on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 15.33.

Tullow Oil Trading Down 32.1%

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 has a market capitalization of £84.88 million, a PE ratio of -0.41, a PEG ratio of -0.19 and a beta of 2.08. The business’s 50-day moving average is GBX 9.87 and its two-hundred day moving average is GBX 12.70.

Tullow Oil Company Profile

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.