Tullow Oil PLC (GB:TLW)
LSE:TLW
Top Page
Tullow Oil
(LSE:TLW)
Select Model
Select Model
Rating:56Neutral
Price Target:
7.50 p
▼(-41.68% Downside)
Action:ReiteratedDate:01/31/26
The score is primarily constrained by significant balance sheet risk (negative equity/high leverage) despite strong operating cash generation. Technical indicators show improving near-term momentum, but longer-term trend signals remain weak. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Operating cash generation
Strong operating cash flow provides durable internal funding, reducing reliance on external credit and supporting ongoing capex and working capital. Consistent cash generation can help smooth cyclical volatility and fund prioritized investments while management repairs the balance sheet over time.
Negative Factors
High leverage / negative equity
Negative equity and elevated leverage materially constrain financial flexibility and increase refinancing and covenant risk. This structural imbalance can force asset sales, limit capital investment, and prioritize debt servicing over growth, weakening resilience to sustained commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Strong operating cash flow provides durable internal funding, reducing reliance on external credit and supporting ongoing capex and working capital. Consistent cash generation can help smooth cyclical volatility and fund prioritized investments while management repairs the balance sheet over time.
Read all positive factors
Tullow Oil (TLW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£189.69M
Dividend YieldN/A
Average Volume (3M)5.90M
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-32.47%
EPS Growth-1490.91%
CountryUK
Employees397
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,475,023,100
10 Day Avg. Volume5,624,881
30 Day Avg. Volume5,904,496
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)-1.45
Price to Sales (P/S)0.26
P/FCF Ratio0.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£18.33Price Target Upside42.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.02
Revenue Forecast (FY)£802.42M
Tullow Oil Business Overview & Revenue Model
Company Description
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 w...
How the Company Makes Money
Tullow Oil generates revenue primarily through the production and sale of crude oil and natural gas. The company operates several oil fields where it extracts hydrocarbons, which are then sold to refineries and trading companies. Key revenue strea...
Tullow Oil Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
40
Negative
Cash Flow
75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 981.40M | 1.53B | 1.63B | 1.78B | 1.29B | 1.40B |
| Gross Profit | 381.35M | 754.00M | 790.80M | 1.09B | 646.50M | 402.50M |
| EBITDA | 656.85M | 1.11B | 860.20M | 1.20B | 930.80M | -492.80M |
| Net Income | -171.75M | 54.60M | -109.60M | 49.10M | -80.70M | -1.22B |
Balance Sheet | ||||||
| Total Assets | 3.61B | 4.05B | 4.46B | 5.04B | 5.54B | 6.56B |
| Cash, Cash Equivalents and Short-Term Investments | 187.50M | 548.60M | 499.00M | 636.30M | 469.10M | 805.40M |
| Total Debt | 2.47B | 2.71B | 2.99B | 3.46B | 3.73B | 4.39B |
| Total Liabilities | 3.93B | 4.32B | 4.82B | 5.50B | 6.01B | 6.77B |
| Stockholders Equity | -329.70M | -272.70M | -359.40M | -459.50M | -466.10M | -210.00M |
Cash Flow | ||||||
| Free Cash Flow | 439.55M | 534.00M | 583.70M | 771.40M | 550.40M | 267.70M |
| Operating Cash Flow | 569.60M | 758.50M | 876.20M | 1.08B | 786.90M | 698.60M |
| Investing Cash Flow | -107.15M | -213.10M | -268.50M | -356.20M | -101.70M | 84.30M |
| Financing Cash Flow | -357.05M | -492.20M | -742.50M | -552.80M | -1.03B | -271.70M |
Tullow Oil Technical Analysis
Positive
12.86
Price Trends
10.67
Positive
8.61
Positive
10.35
Positive
Market Momentum
0.49
Positive
54.42
Neutral
58.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TLW, the sentiment is Positive. The current price of 12.86 is below the 20-day moving average (MA) of 13.00, above the 50-day MA of 10.67, and above the 200-day MA of 10.35, indicating a neutral trend. The MACD of 0.49 indicates Positive momentum. The RSI at 54.42 is Neutral, neither overbought nor oversold. The STOCH value of 58.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TLW.
Tullow Oil Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £189.07M | 4.32 | 42.05% | ― | 50.35% | 48.07% | |
73 Outperform | £116.34M | -17.40 | 1.89% | 6.46% | -9.43% | ― | |
71 Outperform | £230.53M | 9.29 | 0.66% | ― | -32.66% | 72.67% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | £189.69M | -1.99 | 57.02% | ― | -32.47% | -1490.91% | |
50 Neutral | £142.90M | -24.27 | -11.54% | ― | -0.20% | -25.68% | |
44 Neutral | £149.46M | 2.37 | 53.68% | ― | 4.56% | ― |
* Energy Sector Average
GB:TLW
Tullow Oil
12.86
-0.82
-5.99%
GB:GENL
Genel Energy
51.90
0.50
0.97%
GB:CNE
Capricorn Energy PLC
330.00
116.00
54.21%
GB:AET
Afentra
83.60
47.10
129.04%
GB:PHAR
Pharos Energy
28.20
10.83
62.35%
GB:JSE
Jadestone Energy Inc
27.50
6.50
30.95%
Tullow Oil Corporate Events
Other
Tullow Oil Announces CFO Share Vesting Under Employee Award Plan
Neutral
Dec 8, 2025
Tullow Oil plc announced a transaction involving the vesting of 39,979 ordinary shares awarded to Richard Miller, the Chief Financial Officer, under the company’s 2014 Employee Share Award Plan. This transaction, conducted outside a trading ...
Business Operations and StrategyExecutive/Board Changes
Tullow Oil Appoints New Chair Amid Board Restructuring
Positive
Dec 1, 2025
Tullow Oil has appointed Roald Goethe as the new independent non-executive Chair of the Board, effective December 1, 2025, following the resignation of Phuthuma Nhleko. Goethe brings extensive experience in the African energy sector and has been a...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Tullow Oil Strengthens Financial Position with Strategic Asset Sales and Operational Focus
Positive
Nov 21, 2025
Tullow Oil has made significant strides in enhancing its financial stability and operational efficiency, particularly in Ghana, by selling its interests in Kenya and Gabon for a combined total of over $400 million. The company is focusing on optim...
Regulatory Filings and Compliance
Tullow Oil Announces Total Voting Rights Update
Neutral
Nov 3, 2025
Tullow Oil plc has announced its total voting rights as of October 31, 2025, with an issued share capital of 1,475,023,041 ordinary shares, all with voting rights. This information is crucial for shareholders to determine their interests in the co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.