Tullow Oil (LON:TLW) Sets New 52-Week High – Time to Buy?

Tullow Oil plc (LON:TLW)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 25 and last traded at GBX 24.15, with a volume of 8328437 shares changing hands. The stock had previously closed at GBX 24.65.

Analyst Upgrades and Downgrades

TLW has been the topic of several recent research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 24 price objective on shares of Tullow Oil in a report on Wednesday, August 5th. Canaccord Genuity Group lifted their price objective on shares of Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of GBX 12.60.

Tullow Oil Stock Down 2.0%

The stock has a fifty day simple moving average of GBX 16.82 and a two-hundred day simple moving average of GBX 14.74. The firm has a market cap of £365.88 million, a PE ratio of 60.37, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. The company has a current ratio of 0.52, a quick ratio of 0.63 and a debt-to-equity ratio of -892.65.

Tullow Oil Company Profile

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.