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Tullow Oil (OTCMKTS:TUWOY) Shares Pass Below 50-Day Moving Average - What's Next?

Tullow Oil logo with Energy background
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Key Points

  • Tullow Oil shares passed below their 50-day moving average during Friday trading; the 50‑day MA is $0.08, the intraday low was $0.0730 and the last trade was $0.0790 on volume of 687,891 shares.
  • Jefferies upgraded the stock from a "moderate sell" to a "hold" on Feb. 4, and MarketBeat's consensus analyst rating for Tullow is currently Hold.
  • The 200‑day moving average is $0.06, so the stock remains above its longer-term average despite the recent dip below the 50‑day MA.
  • Five stocks to consider instead of Tullow Oil.

Tullow Oil PLC (OTCMKTS:TUWOY - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.08 and traded as low as $0.0730. Tullow Oil shares last traded at $0.0790, with a volume of 687,891 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Tullow Oil from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tullow Oil currently has an average rating of "Hold".

Get Our Latest Stock Analysis on Tullow Oil

Tullow Oil Price Performance

The stock's fifty day simple moving average is $0.08 and its 200-day simple moving average is $0.06.

Tullow Oil Company Profile

(Get Free Report)

Tullow Oil plc is an independent oil and gas exploration and production company founded in 1985 and headquartered in London. The company is listed on the London Stock Exchange and its American Depositary Receipts trade over-the-counter in the U.S. under the ticker TUWOY. Since its inception, Tullow has focused on building a portfolio of upstream assets across frontier and emerging markets.

Tullow's core activities encompass exploration, appraisal, development and production of hydrocarbons.

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