Tullow Oil (LON:TLW) Trading Up 16.9% - Still a Buy?

Tullow Oil plc (LON:TLW - Get Free Report)'s stock price was up 16.9% on Tuesday . The stock traded as high as GBX 19.38 and last traded at GBX 18.93. Approximately 79,148,203 shares traded hands during mid-day trading, an increase of 282% from the average daily volume of 20,738,258 shares. The stock had previously closed at GBX 16.20.Analysts Set New Price TargetsSeveral analysts recently weighed in on TLW shares. Shore Capital Group reissued a "hold" rating on shares of Tullow Oil in a research note on Tuesday, April 28th. Canaccord Genuity Group lifted their price target on Tullow Oil from GBX 13 to GBX 14 and gave the company a "hold" rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Tullow Oil currently has a consensus rating of "Reduce" and a consensus target price of GBX 13.85.Check Out Our Latest Research Report on TLWTullow Oil Stock PerformanceThe stock has a 50 day moving average of GBX 12.38 and a 200 day moving average of GBX 9.23. The company has a quick ratio of 0.63, a current ratio of 0.52 and a debt-to-equity ratio of -892.65. The company has a market capitalization of £280.25 million, a price-to-earnings ratio of 47.50, a price-to-earnings-growth ratio of -0.19 and a beta of 0.37. About Tullow Oil (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.Further ReadingFive stocks we like better than Tullow OilThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Tullow Oil Right Now?Before you consider Tullow Oil, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tullow Oil wasn't on the list.While Tullow Oil currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here