Tullow Oil (LON:TLW - Get Free Report) had its target price lifted by equities research analysts at Canaccord Genuity Group from GBX 14 ($0.19) to GBX 16 ($0.22) in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 13.19% from the company's current price.
Separately, Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a research note on Tuesday, May 6th.
Check Out Our Latest Stock Analysis on TLW
Tullow Oil Price Performance
Shares of TLW stock traded down GBX 0.01 ($0.00) during midday trading on Thursday, reaching GBX 14.14 ($0.19). 7,096,624 shares of the company were exchanged, compared to its average volume of 8,815,163. Tullow Oil has a 12 month low of GBX 11 ($0.15) and a 12 month high of GBX 40.32 ($0.54). The company has a market cap of £261.46 million, a P/E ratio of 16.70, a PEG ratio of -0.19 and a beta of 2.08. The company's 50 day moving average price is GBX 14.03 and its two-hundred day moving average price is GBX 17.65. 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.
Insider Transactions at Tullow Oil
In other Tullow Oil news, insider Roald Goethe bought 150,000 shares of the firm's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,256.19). Insiders have acquired 400,000 shares of company stock valued at $5,900,000 in the last quarter. Insiders own 24.59% of the company's stock.
About Tullow Oil
(
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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.
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