Tullow Oil (LON:TLW) Hits New 12-Month Low at $66.16

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Tullow Oil plc (LON:TLW)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 66.16 ($0.87) and last traded at GBX 66.62 ($0.88), with a volume of 15470942 shares traded. The stock had previously closed at GBX 141.40 ($1.86).

TLW has been the topic of several recent research reports. Goldman Sachs Group dropped their target price on Tullow Oil from GBX 326.60 ($4.30) to GBX 183 ($2.41) and set a “buy” rating on the stock in a research report on Thursday, November 21st. Peel Hunt restated an “add” rating on shares of Tullow Oil in a research report on Monday. JPMorgan Chase & Co. downgraded Tullow Oil to a “neutral” rating and dropped their target price for the stock from GBX 278 ($3.66) to GBX 249 ($3.28) in a research report on Thursday, November 14th. UBS Group reiterated a “neutral” rating on shares of Tullow Oil in a research report on Thursday, November 14th. Finally, Berenberg Bank lowered their price objective on Tullow Oil from GBX 230 ($3.03) to GBX 80 ($1.05) and set a “buy” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 190.15 ($2.50).

The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 170.48. The company has a market cap of $641.96 million and a PE ratio of 4.91. The stock has a 50-day moving average of GBX 166.76 and a 200-day moving average of GBX 196.94.

In other Tullow Oil news, insider Jeremy Wilson acquired 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of GBX 141 ($1.85) per share, for a total transaction of £28,200 ($37,095.50).

About Tullow Oil (LON:TLW)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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