Tullow Oil (LON:TLW) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Tullow Oil plc (LON:TLW) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9.16 and traded as high as GBX 12.10. Tullow Oil shares last traded at GBX 11.58, with a volume of 9,143,582 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on Tullow Oil from GBX 7 to GBX 13 and gave the stock a “hold” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of GBX 13.60.

Tullow Oil Stock Performance

The company has a debt-to-equity ratio of -750.59, a current ratio of 0.55 and a quick ratio of 0.63. The firm has a fifty day moving average price of GBX 12.10 and a two-hundred day moving average price of GBX 9.16. The stock has a market capitalization of £170.81 million, a PE ratio of -0.83, a P/E/G ratio of -0.19 and a beta of 0.37.

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.