Tullow Oil (LON:TLW) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Tullow Oil plc (LON:TLW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8.80 and traded as high as GBX 14.24. Tullow Oil shares last traded at GBX 13.46, with a volume of 22,042,100 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Panmure Gordon decreased their price target on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research note on Monday, November 24th. Canaccord Genuity Group raised their price objective on Tullow Oil from GBX 7 to GBX 13 and gave the company a “hold” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tullow Oil currently has an average rating of “Reduce” and a consensus target price of GBX 13.60.

Tullow Oil Price Performance

The company has a 50 day moving average of GBX 9.27 and a two-hundred day moving average of GBX 8.80. The firm has a market cap of £198.54 million, a P/E ratio of -0.96, a PEG ratio of -0.19 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.55 and a debt-to-equity ratio of -750.59.

About Tullow Oil

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.