Tullow Oil (LON:TLW) Stock Price Up 11.1% – What’s Next?

Tullow Oil plc (LON:TLW)’s stock price rose 11.1% during trading on Tuesday . The stock traded as high as GBX 16.82 and last traded at GBX 16.82. Approximately 17,568,949 shares changed hands during trading, a decline of 16% from the average daily volume of 20,942,326 shares. The stock had previously closed at GBX 15.14.

Analysts Set New Price Targets

TLW has been the subject of several research reports. Canaccord Genuity Group boosted their price objective on Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Shore Capital Group reiterated a “hold” rating on shares of Tullow Oil in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 13.85.

Tullow Oil Stock Down 2.9%

The company has a quick ratio of 0.63, a current ratio of 0.52 and a debt-to-equity ratio of -892.65. The business has a 50-day moving average price of GBX 13.19 and a 200-day moving average price of GBX 9.58. The firm has a market capitalization of £236.30 million, a PE ratio of 40.05, a price-to-earnings-growth ratio of -0.19 and a beta of 0.43.

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.