Insider Buying: Tullow Oil plc (LON:TLW) Insider Acquires 100,000 Shares of Stock

Tullow Oil plc (LON:TLW - Get Free Report) insider Roald Goethe purchased 100,000 shares of Tullow Oil stock in a transaction on Wednesday, June 25th. The stock was acquired at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($23,227.22).

Roald Goethe also recently made the following trade(s):

• On Wednesday, April 23rd, Roald Goethe purchased 150,000 shares of Tullow Oil stock. The stock was bought at an average price of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,692.44).
• On Friday, April 4th, Roald Goethe purchased 150,000 shares of Tullow Oil stock. The shares were purchased at an average cost of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,692.44).

Tullow Oil Stock Up 1.0%

Shares of LON TLW opened at GBX 16.54 ($0.23) on Thursday. Tullow Oil plc has a 52 week low of GBX 11 ($0.15) and a 52 week high of GBX 34.50 ($0.47). The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31. The company has a market cap of £305.94 million, a P/E ratio of 19.54, a P/E/G ratio of -0.19 and a beta of 2.08. The business has a 50-day simple moving average of GBX 15.13 and a two-hundred day simple moving average of GBX 17.09.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a research report on Wednesday, June 4th. Canaccord Genuity Group boosted their target price on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.22) and gave the stock a "hold" rating in a report on Thursday, May 29th.

Tullow Oil Company Profile

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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