Tullow Oil (LON:TLW) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Tullow Oil plc (LON:TLW) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 8.80 and traded as high as GBX 14.24. Tullow Oil shares last traded at GBX 13.46, with a volume of 22,042,100 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TLW. Canaccord Genuity Group upped their target price on shares of Tullow Oil from GBX 7 to GBX 13 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Panmure Gordon reduced 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 analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Tullow Oil currently has a consensus rating of “Reduce” and an average price target of GBX 13.60.

Tullow Oil Price Performance

The company has a debt-to-equity ratio of -750.59, a quick ratio of 0.63 and a current ratio of 0.55. The stock’s fifty day moving average price is GBX 9.27 and its 200-day moving average price is GBX 8.80. The firm has a market cap of £198.54 million, a PE ratio of -0.96, a P/E/G ratio of -0.19 and a beta of 0.66.

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.