Tullow Oil (LON:TLW) Shares Up 6.6% – Still a Buy?

Posted by ABMN Staff on Jun 3rd, 2026

Tullow Oil plc (LON:TLW – Get Free Report)’s stock price shot up 6.6% during mid-day trading on Tuesday . The company traded as high as GBX 16.10 and last traded at GBX 16.10. 12,592,075 shares were traded during mid-day trading, a decline of 39% from the average session volume of 20,488,207 shares. The stock had previously closed at GBX 15.10.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group lifted their price target on Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Shore Capital Group reaffirmed a “hold” rating on shares of Tullow Oil in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Tullow Oil presently has a consensus rating of “Reduce” and an average target price of GBX 13.85.

Read Our Latest Report on TLW

Tullow Oil Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.63 and a debt-to-equity ratio of -892.65. The firm has a market capitalization of £237.48 million, a PE ratio of 40.25, a P/E/G ratio of -0.19 and a beta of 0.43. The company has a fifty day moving average price of GBX 14.01 and a two-hundred day moving average price of GBX 10.18.

Insider Buying and Selling at Tullow Oil

In other news, insider Richard Miller bought 115,000 shares of Tullow Oil stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 17 per share, with a total value of £19,550. Insiders own 1.33% of the company’s stock.

Tullow Oil Company Profile

(Get Free Report)

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.