Tullow Oil (LON:TLW - Get Free Report) had its price objective upped by stock analysts at Canaccord Genuity Group from GBX 14 ($0.19) to GBX 16 ($0.22) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm currently has a "hold" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 6.52% from the stock's current price.
Separately, Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a report on Tuesday, May 6th.
Check Out Our Latest Analysis on Tullow Oil
Tullow Oil Stock Performance
Shares of Tullow Oil stock traded up GBX 0.89 ($0.01) during trading on Thursday, reaching GBX 15.02 ($0.20). The company's stock had a trading volume of 9,434,505 shares, compared to its average volume of 8,821,118. Tullow Oil has a one year low of GBX 11 ($0.15) and a one year high of GBX 39.50 ($0.53). The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market cap of £277.83 million, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The business's fifty day moving average price is GBX 14.03 and its 200-day moving average price is GBX 17.60.
Insider Buying and Selling at Tullow Oil
In other Tullow Oil news, insider Roald Goethe purchased 150,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,263.80). Insiders purchased a total of 400,000 shares of company stock valued at $5,900,000 in the last ninety days. Company insiders own 24.59% of the company's stock.
Tullow Oil Company Profile
(
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Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company's operations are focused on its West-African producing assets in Ghana, Gabon and Côte d'Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.
Further Reading
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