Canaccord Genuity Group Raises Tullow Oil (LON:TLW) Price Target to GBX 13

Tullow Oil (LON:TLW) had its target price raised by equities research analysts at Canaccord Genuity Group from GBX 7 to GBX 13 in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 2.36% from the stock’s current price.

Separately, Panmure Gordon dropped their target price on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a research report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 13.60.

Tullow Oil Stock Performance

Shares of TLW stock opened at GBX 12.70 on Wednesday. The firm has a market capitalization of £187.33 million, a price-to-earnings ratio of -0.91, a PEG ratio of -0.19 and a beta of 0.66. The stock has a fifty day moving average of GBX 8.11 and a 200 day moving average of GBX 8.70. Tullow Oil has a 52 week low of GBX 3.51 and a 52 week high of GBX 21.50. The company has a quick ratio of 0.63, a current ratio of 0.55 and a debt-to-equity ratio of -750.59.

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.