Tullow Oil (TLW) Stock Overview
An energy company, develops, produces, and sells oil and gas resources in Ghana and Côte d’Ivoire. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
TLW Community Fair Values
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Analyst Price Targets
Top Community Narratives
UK£0.45
FV
69.3% undervalued intrinsic discount74.52%
Revenue growth p.a.
3.6k
users have viewed this narrative6users have liked this narrative
1users have commented on this narrative
22users have followed this narrative
Tullow Oil plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£0.14 |
| 52 Week High | UK£0.20 |
| 52 Week Low | UK£0.035 |
| Beta | 0.47 |
| 1 Month Change | -10.97% |
| 3 Month Change | 9.52% |
| 1 Year Change | -13.53% |
| 3 Year Change | -52.90% |
| 5 Year Change | -73.54% |
| Change since IPO | 10.40% |
Recent News & Updates
Narrative Update • Jun 24
TLW: Higher Margins And Production Guidance Will Support Future Cash Flows
Analysts have lifted their fair value estimate for Tullow Oil from £0.13 to £0.16 per share, citing updated assumptions that include a higher projected profit margin and a lower future P/E multiple, even though forecast revenue growth is now set at a different level. What's in the News for Tullow Oil Tullow Oil reported Group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, compared with 51.5 kboepd for 2024.
Narrative Update • Jun 09
TLW: Higher Margin Outlook And Production Guidance Will Support Repriced Cash Flow Potential
Analysts have reduced their fair value estimate for Tullow Oil to £0.34 from £0.40, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Tullow Oil reported Group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, compared with 51.5 kboepd for 2024.
Narrative Update • May 26
TLW: Weaker Margins And Output Trends Will Restrain Future Share Upside
Analysts have trimmed their fair value estimate for Tullow Oil slightly to £0.0101 from £0.0102, reflecting updated assumptions around revenue trends, profit margins and future P/E expectations, alongside a modestly higher discount rate. What's in the News Tullow Oil reported Group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, alongside prior year production of 51.5 kboepd.Narrative Update • May 02
TLW: Future Cash Flows Will Be Pressured By Lower Production Volumes
Analysts now set a revised price target of £0.13 for Tullow Oil, compared with the previous fair value estimate of £0.12, reflecting updated assumptions around revenue growth, margins and a higher future P/E multiple, informed by recent Street research including the new £0.35 price target from Barclays and the upgrade at Jefferies. Analyst Commentary Recent Street research gives you a mixed but clearer picture of how professionals are thinking about Tullow Oil, with one major bank trimming its formal price target while another house has moved to a more constructive stance on the shares.Recent updates
Narrative Update • Jun 24
TLW: Higher Margins And Production Guidance Will Support Future Cash Flows
Analysts have lifted their fair value estimate for Tullow Oil from £0.13 to £0.16 per share, citing updated assumptions that include a higher projected profit margin and a lower future P/E multiple, even though forecast revenue growth is now set at a different level. What's in the News for Tullow Oil Tullow Oil reported Group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, compared with 51.5 kboepd for 2024.Narrative Update • Jun 09
TLW: Higher Margin Outlook And Production Guidance Will Support Repriced Cash Flow Potential
Analysts have reduced their fair value estimate for Tullow Oil to £0.34 from £0.40, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Tullow Oil reported Group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, compared with 51.5 kboepd for 2024.Narrative Update • May 26
TLW: Weaker Margins And Output Trends Will Restrain Future Share Upside
Analysts have trimmed their fair value estimate for Tullow Oil slightly to £0.0101 from £0.0102, reflecting updated assumptions around revenue trends, profit margins and future P/E expectations, alongside a modestly higher discount rate. What's in the News Tullow Oil reported Group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, alongside prior year production of 51.5 kboepd.Narrative Update • May 02
TLW: Future Cash Flows Will Be Pressured By Lower Production Volumes
Analysts now set a revised price target of £0.13 for Tullow Oil, compared with the previous fair value estimate of £0.12, reflecting updated assumptions around revenue growth, margins and a higher future P/E multiple, informed by recent Street research including the new £0.35 price target from Barclays and the upgrade at Jefferies. Analyst Commentary Recent Street research gives you a mixed but clearer picture of how professionals are thinking about Tullow Oil, with one major bank trimming its formal price target while another house has moved to a more constructive stance on the shares.Narrative Update • Apr 17
TLW: Softer Revenue Assumptions Will Limit Upside Despite Extended Ghana Contracts
Analysts have trimmed their price expectations for Tullow Oil, with the headline move being Barclays cutting its target to £0.35 from £0.50, while citing updated assumptions that include slightly softer revenue growth, a modestly higher future P/E and a small improvement in expected profit margins. Analyst Commentary Recent research shows a more cautious tone around Tullow Oil, with price expectations reset to reflect updated assumptions on revenue, margins and valuation multiples.Narrative Update • Apr 03
TLW: Lowered Price Assumptions Will Constrain Returns Despite Ghana Contract Extensions
Analysts have trimmed their price target on Tullow Oil to £0.35 from £0.50, reflecting updated views on revenue trends, profitability and future P/E expectations following recent research moves that included a downgrade in target at one firm and an upgrade at another. Analyst Commentary Recent research signals a more cautious tone around Tullow Oil, with the latest move being a cut in the price target to £0.35 from £0.50.Narrative Update • Mar 20
TLW: Lower Price Assumptions And Execution Risks Will Pressure Future Returns
Analysts have adjusted their view on Tullow Oil, with the latest revisions pointing to a lower consolidated price target around £0.35. This reflects updated assumptions on discount rates, revenue trends, profit margins and forward P/E benchmarks drawn from recent Barclays and Jefferies research.Narrative Update • Mar 05
TLW: Weaker Revenue Outlook And Compressed P/E Will Pressure Future Returns
Analysts have trimmed their average price target on Tullow Oil to £0.04 from £0.05, citing updated assumptions on weaker revenue growth, a higher fair value discount rate, and a much lower future P/E multiple, partly offset by an improved profit margin outlook. Analyst Commentary Recent moves in Street price targets point to a more cautious tone around Tullow Oil, even where ratings remain supportive.Narrative Update • Feb 19
TLW: Jefferies Upgrade And Execution Progress Will Support Repriced Cash Flow Potential
Analysts have trimmed their fair value estimate for Tullow Oil from about £0.41 to £0.40, reflecting updated assumptions on discount rates, revenue trends, margins and future P/E multiples following recent research including the Jefferies upgrade. Analyst Commentary Recent research indicates that some bullish analysts see the latest fair value tweak as a fine tuning exercise rather than a major shift in the investment case.Narrative Update • Feb 05
TLW: Higher Future P/E Assumption Will Support Repriced Cash Flow Potential
Analysts have raised their fair value estimate for Tullow Oil from £0.39 to £0.41, citing recent research that supports a higher target despite slightly softer revenue growth, profit margin expectations and a higher future P/E assumption. Analyst Commentary Recent street research points to a more constructive tone around Tullow Oil, with bullish analysts highlighting factors they see as supportive of the new fair value estimate.Narrative Update • Jan 22
TLW: Future Cash Flows Will Be Supported By Higher P/E Multiple
Analysts have adjusted their fair value estimate for Tullow Oil to about £0.39 per share, reflecting updated assumptions for softer revenue growth, a lower profit margin and a higher future P/E multiple. What's in the News Tullow Oil updated its 2025 Group production guidance, indicating it expects output to be at the lower end of the previously guided 40-45 kboepd range (Key Developments).Analysis Article • Jan 15
Tullow Oil plc (LON:TLW) Shares Fly 33% But Investors Aren't Buying For Growth
Those holding Tullow Oil plc ( LON:TLW ) shares would be relieved that the share price has rebounded 33% in the last...Narrative Update • Jan 08
TLW: Lower Production Guidance Will Pressure Margins And Future Earnings Potential
Narrative Update on Tullow Oil Analysts have trimmed their fair value estimate for Tullow Oil from £0.08 to £0.04 per share, citing updated views on revenue trends, profit margins and a lower future P/E assumption. What's in the News Tullow Oil confirmed 2025 Group production guidance at the lower end of the previously indicated 40-45 kboepd range (Key Developments).Narrative Update • Dec 23
TLW: Future Cash Flows Will Be Supported By Higher Profit Margins
Narrative Update on Tullow Oil Analysts have trimmed their average price target on Tullow Oil from approximately $0.49 to $0.39 per share, reflecting slightly higher perceived risk and softer revenue expectations, partly offset by improved margin and valuation assumptions. What's in the News Tullow Oil reaffirmed its 2025 Group production guidance, now expecting output at the lower end of the previously indicated 40 to 45 kboepd range, signaling a more cautious outlook for next year (company guidance).Narrative Update • Dec 09
TLW: Future Cash Flows Will Be Driven By Lower Production Outlook
Narrative Update on Tullow Oil Analysts have modestly reduced their price target on Tullow Oil, reflecting slightly softer revenue growth expectations, but a somewhat improved profit margin outlook and a lower implied future P/E multiple that together suggest a more conservative assessment of the company’s equity value. What's in the News Tullow Oil confirmed that 2025 Group production is now expected to be at the lower end of the previously guided 40 to 45 kboepd range, which signals a more cautious near term output outlook (company guidance).Narrative Update • Nov 25
TLW: Production Guidance Will Drive Upside Amid Executive Leadership Transition
Analysts have reduced their price target for Tullow Oil from £0.23 to £0.20, citing a weaker outlook for revenue growth and profit margins as key reasons for the adjustment. What's in the News Tullow Oil updated its production guidance and now expects 2025 group production to be at the lower end of 40-45 kboepd.Analysis Article • Sep 02
Tullow Oil plc's (LON:TLW) 26% Dip In Price Shows Sentiment Is Matching Revenues
The Tullow Oil plc ( LON:TLW ) share price has fared very poorly over the last month, falling by a substantial 26%. For...Narrative Update • Aug 08
Ghana Production License And Jubilee Wells Will Create Value
Tullow Oil’s price target was revised downward as its forward P/E multiple fell sharply, while revenue growth forecasts remained largely unchanged, resulting in a decrease in the consensus fair value from £0.256 to £0.249. What's in the News Merger talks between Tullow Oil and Meren Energy have collapsed, with negotiations, which progressed as recently as June 2025, being terminated for unclear reasons (Sky News, Key Developments).Analysis Article • Jul 17
Why Investors Shouldn't Be Surprised By Tullow Oil plc's (LON:TLW) 26% Share Price Plunge
Tullow Oil plc ( LON:TLW ) shares have retraced a considerable 26% in the last month, reversing a fair amount of their...Analysis Article • Apr 02
Weekly Picks: ⛏️ Barrick Gold's Prospects, Intuitive Surgical's Moat, and Tullow Oil's Potential Upside
This week’s picks cover: why even Tullow Oil’s base case looks decent, how Intuitive Surgical built a Med-Tech powerhouse, and why Barrick Gold can't wait for a commodity super-cycle.
New Narrative • Mar 30
Gabon Sale And Jubilee Gas Lift Will Secure Future Stability
Strategic asset disposals and refinancing efforts are aimed at deleveraging, reducing debt costs, and improving earnings and net margins.
New Narrative • Mar 30
Tullow Oil's Share Price Could Soar Up to 135% if Oil Holds at $70
Current Share Price and Market Context: As of the latest updates, Tullow Oil’s share price (LSE: TLW) has been volatile, trading in a range between roughly 12p and 40p over the past year. For this anaAnalysis Article • Mar 18
Are Investors Undervaluing Tullow Oil plc (LON:TLW) By 49%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Tullow Oil fair value estimate is UK£0.29 Tullow Oil's UK£0.15...Analysis Article • Dec 13
Tullow Oil plc (LON:TLW) Shares Fly 27% But Investors Aren't Buying For Growth
Tullow Oil plc ( LON:TLW ) shareholders would be excited to see that the share price has had a great month, posting a...Analysis Article • Mar 28
Tullow Oil plc's (LON:TLW) Intrinsic Value Is Potentially 95% Above Its Share Price
In this article we are going to estimate the intrinsic value of Tullow Oil plc ( LON:TLW ) by taking the expected...Analysis Article • Feb 27
Under The Bonnet, Tullow Oil's (LON:TLW) Returns Look Impressive
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...Analysis Article • Nov 29
Tullow Oil plc (LON:TLW) Shares Could Be 28% Below Their Intrinsic Value Estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Tullow Oil plc...Shareholder Returns
| TLW | GB Oil and Gas | GB Market | |
|---|---|---|---|
| 7D | 19.0% | 2.1% | 1.6% |
| 1Y | -13.5% | 20.3% | 19.0% |
Return vs Industry: TLW underperformed the UK Oil and Gas industry which returned 20.3% over the past year.
Return vs Market: TLW underperformed the UK Market which returned 19% over the past year.
Price Volatility
| TLW volatility | |
|---|---|
| TLW Average Weekly Movement | 12.7% |
| Oil and Gas Industry Average Movement | 6.8% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in GB Market | 10.7% |
| 10% least volatile stocks in GB Market | 2.9% |
Stable Share Price: TLW's share price has been volatile over the past 3 months compared to the UK market.
Volatility Over Time: TLW's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 346 | Ian Perks | www.tullowoil.com |
Tullow Oil plc, an energy company, develops, produces, and sells oil and gas resources in Ghana and Côte d’Ivoire. The company was founded in 1985 and is headquartered in London, the United Kingdom.
Tullow Oil plc Fundamentals Summary
| TLW fundamental statistics | |
|---|---|
| Market cap | UK£209.07m |
| Earnings (TTM) | -UK£96.40m |
| Revenue (TTM) | UK£632.00m |
0.3x
P/S Ratio-2.2x
P/E RatioIs TLW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TLW income statement (TTM) | |
|---|---|
| Revenue | US$847.00m |
| Cost of Revenue | US$579.50m |
| Gross Profit | US$267.50m |
| Other Expenses | US$396.70m |
| Earnings | -US$129.20m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.085 |
| Gross Margin | 31.58% |
| Net Profit Margin | -15.25% |
| Debt/Equity Ratio | -656.0% |
How did TLW perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/08 23:36 |
| End of Day Share Price | 2026/07/08 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tullow Oil plc is covered by 37 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lydia Rainforth | Barclays |
| Matthew Cooper | Barclays |
| Alessandro Pozzi | Barclays |