Tullow Oil (LON:TLW) Stock Price Up 14.1% – What’s Next?

Tullow Oil plc (LON:TLW) shares were up 14.1% during mid-day trading on Wednesday . The stock traded as high as GBX 17.52 ($0.23) and last traded at GBX 17.20 ($0.22). Approximately 175,336,875 shares traded hands during trading, an increase of 1,210% from the average daily volume of 13,385,377 shares. The stock had previously closed at GBX 15.07 ($0.20).

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a research note on Friday, March 21st. Canaccord Genuity Group lowered their price target on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research report on Thursday, February 20th.

Tullow Oil Stock Performance

The firm’s fifty day moving average is GBX 17.30 and its 200 day moving average is GBX 20.89. The firm has a market capitalization of £318.15 million, a price-to-earnings ratio of 20.32, a PEG 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.

About Tullow Oil

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.