Tullow Oil (LON:TLW) Trading Down 5.1% – Should You Sell?

Tullow Oil plc (LON:TLW)’s share price fell 5.1% during trading on Friday . The company traded as low as GBX 8.40 and last traded at GBX 8.46. 3,393,839 shares were traded during mid-day trading, a decline of 66% from the average session volume of 10,075,610 shares. The stock had previously closed at GBX 8.91.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Panmure Gordon cut their target price on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a report on Monday, November 24th. Jefferies Financial Group cut their price target on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Price Performance

The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of £119.62 million, a PE ratio of -0.58, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The business has a 50 day moving average of GBX 6.34 and a 200 day moving average of GBX 9.35.

Tullow Oil Company Profile

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.