Tullow Oil (LON:TLW) Stock Price Down 5.1% – Here’s Why

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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. Jefferies Financial Group decreased their price target on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research note on Monday, October 20th. One equities research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 12.85.

Check Out Our Latest Report on TLW

Tullow Oil Stock Down 5.9%

The stock’s 50 day simple moving average is GBX 6.29 and its two-hundred day simple moving average is GBX 9.44. The firm has a market cap of £123.61 million, a P/E ratio of -0.60, a P/E/G ratio of -0.19 and a beta of 2.08. 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.

Tullow Oil Company Profile

(Get Free Report)

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.

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