Insider Buying: Tullow Oil plc (LON:TLW) Insider Acquires 2,000,000 Shares of Stock

Key Points

• Roald Goethe, an insider at Tullow Oil plc, purchased 2,000,000 shares at GBX 12 ($0.16) each, totaling £240,000 ($320,598.45) on August 6.
• Tullow Oil's stock has shown volatility, with a 1-year low of GBX 11 ($0.15) and a 1-year high of GBX 29.04 ($0.39).
• Recent analyst reports show mixed opinions, with Canaccord Genuity reducing their price target to GBX 10 ($0.13) while Shore Capital maintains a "buy" rating.

Tullow Oil plc (LON:TLW - Get Free Report) insider Roald Goethe acquired 2,000,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of GBX 12 ($0.16) per share, for a total transaction of £240,000 ($320,598.45).

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

• On Wednesday, June 25th, Roald Goethe purchased 100,000 shares of Tullow Oil stock. The shares were bought at an average price of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,709.06).

Tullow Oil Stock Performance

LON TLW opened at GBX 11.50 ($0.15) on Thursday. The company has a market cap of £212.72 million, a P/E ratio of 13.59, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a 50-day moving average of GBX 16.21 and a two-hundred day moving average of GBX 15.73. Tullow Oil plc has a 1-year low of GBX 11 ($0.15) and a 1-year high of GBX 29.04 ($0.39).

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TLW shares. Canaccord Genuity Group reduced their price target on Tullow Oil from GBX 16 ($0.21) to GBX 10 ($0.13) and set a "hold" rating on the stock in a report on Thursday. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group reissued an "underperform" rating and set a GBX 12 ($0.16) price objective on shares of Tullow Oil in a research report on Thursday.

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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