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The latest update is out from Tullow Oil ( (GB:TLW) ).
Tullow Oil has completed the sale of its Kenya assets to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, for a minimum of $120 million. This transaction marks Tullow’s exit from Kenya after 14 years and is part of its strategic priorities for 2025, aimed at strengthening its balance sheet and positioning the company for refinancing its capital structure. The sale is expected to impact Kenya’s domestic energy sector positively, with Gulf Energy taking over the project to advance energy security and development in the Turkana region.
The most recent analyst rating on (GB:TLW) stock is a Hold with a £11.00 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 overall stock score is primarily impacted by its financial performance, which shows strong cash flow but significant balance sheet risks. Technical analysis indicates a bearish trend, and poor valuation metrics further weigh on the score. The absence of earnings call data and corporate events limits additional insights.
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 by 2030 and has a Shared Prosperity strategy aimed at delivering lasting socio-economic benefits for its host nations. Tullow is listed on the London and Ghanaian stock exchanges.
Average Trading Volume: 6,205,570
Technical Sentiment Signal: Sell
Current Market Cap: £163.2M
Learn more about TLW stock on TipRanks’ Stock Analysis page.