Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.
Tullow Oil Price Performance
TLW remained flat at GBX 52 ($0.63) on Friday. 2,305,357 shares of the company were exchanged, compared to its average volume of 9,427,989. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 457.18. The firm has a market capitalization of £747.99 million and a P/E ratio of -11.06. The firm has a 50 day moving average price of GBX 48.61 and a two-hundred day moving average price of GBX 51.97. Tullow Oil has a one year low of GBX 39.38 ($0.48) and a one year high of GBX 63.52 ($0.77).
Analyst Upgrades and Downgrades
Several research firms have recently commented on TLW. Morgan Stanley reissued an "equal weight" rating and issued a GBX 63 ($0.76) target price on shares of Tullow Oil in a report on Wednesday, May 11th. Berenberg Bank restated a "buy" rating and issued a GBX 95 ($1.15) price target on shares of Tullow Oil in a research report on Friday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Tullow Oil from GBX 82 ($0.99) to GBX 83 ($1.00) and gave the stock an "overweight" rating in a research report on Wednesday, July 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 75.89 ($0.92).