Panmure Gordon Lowers Tullow Oil (LON:TLW) Price Target to GBX 5.40

Tullow Oil (LON:TLW) had its price target dropped by Panmure Gordon from GBX 7.80 to GBX 5.40 in a research note issued on Monday, MarketBeat.com reports. The brokerage presently has a “sell” rating on the stock. Panmure Gordon’s target price suggests a potential upside of 41.99% from the company’s previous close.

A number of other analysts also recently weighed in on TLW. Canaccord Genuity Group decreased their price target on Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating on the stock in a research note on Thursday, August 7th. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. Finally, Jefferies Financial Group decreased their target price on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of GBX 12.85.

Tullow Oil Price Performance

Shares of TLW opened at GBX 3.80 on Monday. Tullow Oil has a twelve month low of GBX 3.51 and a twelve month high of GBX 27.98. The stock’s 50 day moving average is GBX 9.62 and its two-hundred day moving average is GBX 12.56. The firm has a market capitalization of £55.71 million, a PE ratio of -0.27, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31.

Tullow Oil Company Profile

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.