Tullow Oil (TLW)

Sector:

Energy Producers

Index:

FTSE Small Cap

23.74p
   
  • Change Today:
    -0.52p
  • 52 Week High: 39.48p
  • 52 Week Low: 21.38p
  • Currency: UK Pounds
  • Shares Issued: 1,458.26m
  • Volume: 4,482,943
  • Market Cap: £346.19m
  • RiskGrade: 365

Europe midday: Stocks near session highs led by travel and leisure issues

By Alexander Bueso

Date: Monday 06 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Stock market indices across Europe are trading near their best levels of the session, boosted by news of falling death rates in France, Italy and Spain, together with a big drop in the rate of new infections in the latter.
"While this is welcome, none of these countries have shown that they are inclined to lift their lockdowns any time soon, despite reports that some countries are looking at possible exit strategies," said Michael Hewson, chief market analyst at CMC Markets UK.

"With infection rates still very high, talk of an exit strategy seems rather premature at this stage, especially since testing processes are still in their infancy, and infection rates are still quite high."

The rate of new infections in Spain fell to 4,273 on Monday to reach 135,032, down from 6,023 new infections during the previous day, while in Austria the Chancellor, Sebastien Kurz, laid out plans to start easing the country's lockdown measures from 14 April.

As of 1428 GMT, the benchmark Stoxx 600 was adding 3.11% to 318.65, alongside an advance of 4.81% to 9,983.36 for Germany's Dax and a rise of 3.26% to 16,919.42 for Italy's FTSE Mibtel, while Spain's Ibex 35 was adding 3.64% to 6821.60.

Travel & Leisure issues were doing best, with the Stoxx 600 sector gauge trading up 7.70% to 147.17, while that for Autos&Parts was climbing 6.39% to 310.95.

The top 10 gainers on the Stoxx 600 leaderboard were all London-listed issues, with Tullow Oil pacing gains.

In parallel, front-dated Brent futures were off 2.7% to $33.21 a barrel.

At the weekend, the decision was taken to postpone a teleconference of OPEC+ energy ministers scheduled for Monday to Thursday as policymakers from producer countries tried to broker a deal.

Reports at the weekend indicated that Norway, which does not belong to OPEC+, might participate in any cuts, and that officials from the Canadian province of Alberta would dial in to the call.

There was some positive news to be had on the macroeconomic front as well.

The Sentix Institute's investor confidence gauge for the Eurozone in April fell to -42.9 from the prior month reading of -17.1 (consensus: -37.5).

However, a sub-index tracking investor expectations picked up slightly, from -20.0 to -15.8, a development that Claus Vistesen at Pantheon Macroeconomics described as a "bullish" development.



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tullow Oil Market Data

Currency UK Pounds
Share Price 23.74p
Change Today -0.52p
% Change -2.14 %
52 Week High 39.48p
52 Week Low 21.38p
Volume 4,482,943
Shares Issued 1,458.26m
Market Cap £346.19m
RiskGrade 365

Tullow Oil Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.13% above the market average13.13% above the market average13.13% above the market average13.13% above the market average13.13% above the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average
Price Trend
70.04% below the market average70.04% below the market average70.04% below the market average70.04% below the market average70.04% below the market average
19.48% below the sector average19.48% below the sector average19.48% below the sector average19.48% below the sector average19.48% below the sector average
Income Not Available
Growth
94.70% above the market average94.70% above the market average94.70% above the market average94.70% above the market average94.70% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 1
Sell 1
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tullow Oil Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 04-Apr-19
Paid 04-Oct-19 10-May-19
Amount 2.35¢ 4.80¢

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 865,900 @ 23.74p
16:35 1,667 @ 23.74p
16:35 3,484 @ 23.74p
16:35 643 @ 23.74p
16:35 2,613 @ 23.74p

Tullow Oil Key Personnel

CFO Richard Miller

Top of Page