Shares of Tullow Oil plc (LON:TLW – Get Free Report) dropped 5.6% during mid-day trading on Friday . The company traded as low as GBX 9.67 and last traded at GBX 9.91. Approximately 51,155,926 shares traded hands during trading, an increase of 298% from the average daily volume of 12,839,970 shares. The stock had previously closed at GBX 10.50.
Tullow Oil News Summary
Here are the key news stories impacting Tullow Oil this week:
- Neutral Sentiment: No articles attached — please paste the items you want summarized so I can produce article-specific bullets and links.
- Neutral Sentiment: Market snapshot: shares are trading lower on high volume versus average, the 50-day MA (GBX 7.05) is below current levels while the 200-day MA (GBX 8.72) is near current levels; 52‑week range is GBX 3.51–21.50 and market cap is ~£146m. (This is from your supplied data.)
- Neutral Sentiment: Watch list of news topics that typically move TLW: oil price swings, production / appraisal updates, licence/asset sales, RNS guidance on cash/debt, and any equity or bond financing announcements.
- Negative Sentiment: Trading pattern: the combination of a share-price decline and a large intraday volume spike suggests selling pressure or position adjustments (reaction to news or increased risk aversion). This is likely the main driver of today’s share weakness.
- Negative Sentiment: Fundamentals raising investor caution: negative P/E, very low liquidity ratios (current ratio ~0.70, quick ratio ~0.63), and high leverage metrics imply refinancing, asset-sale or dilution risk — items that often depress sentiment absent reassuring updates from management.
Wall Street Analyst Weigh In
Separately, Panmure Gordon cut their price objective on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research note on Monday, November 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Tullow Oil currently has a consensus rating of “Reduce” and a consensus price target of GBX 12.85.
Tullow Oil Price Performance
The business has a 50-day simple moving average of GBX 7.13 and a two-hundred day simple moving average of GBX 8.65. 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 £146.17 million, a price-to-earnings ratio of -0.71, a P/E/G ratio of -0.19 and a beta of 2.08.
About Tullow Oil
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.
Read More
- Five stocks we like better than Tullow Oil
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- How a Family Trust May Be Able To Help Preserve Your Wealth
- This makes me furious
Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.
