Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Tullow Oil ( (GB:TLW) ) is now available.
Tullow Oil has signed a strategic sale and purchase agreement with Gulf Energy Ltd for its Kenyan assets, valued at a minimum of $120 million. This transaction aligns with Tullow’s strategy to strengthen its balance sheet and focus on high-margin, self-funded production, while retaining a potential future development participation right.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Spark’s Take on GB:TLW Stock
According to Spark, TipRanks’ AI Analyst, GB:TLW is a Neutral.
Tullow Oil’s strong corporate events and an undervalued P/E ratio provide positive signals, but significant financial distress and negative technical momentum present considerable risks. The company’s ability to generate cash flow is a positive, but high leverage remains a major concern.
To see Spark’s full report on GB:TLW stock, click here.
More about Tullow Oil
Tullow Oil is an independent energy company focused on responsible oil and gas development in Africa, with core producing assets in Ghana. The company is committed to achieving Net Zero on its Scope 1 and 2 emissions.
Average Trading Volume: 5,690,550
Technical Sentiment Signal: Sell
Current Market Cap: £230.1M
For detailed information about TLW stock, go to TipRanks’ Stock Analysis page.