Tullow Oil plc (LON:TLW) Insider Roald Goethe Purchases 2,000,000 Shares

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 purchased 2,000,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of GBX 12 ($0.16) per share, with a total value of £240,000 ($322,667.38).

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

• On Wednesday, June 25th, Roald Goethe acquired 100,000 shares of Tullow Oil stock. The stock was acquired at an average cost of GBX 17 ($0.23) per share, with a total value of £17,000 ($22,855.61).

Tullow Oil Stock Down 7.6%

Shares of LON:TLW traded down GBX 0.76 ($0.01) on Monday, reaching GBX 9.23 ($0.12). The company had a trading volume of 18,525,377 shares, compared to its average volume of 8,216,844. Tullow Oil plc has a 52-week low of GBX 9.23 ($0.12) and a 52-week high of GBX 28.86 ($0.39). The firm's 50 day simple moving average is GBX 16.01 and its 200-day simple moving average is GBX 15.45. The firm has a market capitalization of £170.73 million, a PE ratio of 10.91, a PEG ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TLW. Canaccord Genuity Group decreased their price objective on Tullow Oil from GBX 16 ($0.22) to GBX 10 ($0.13) and set a "hold" rating on the stock in a report on Thursday. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 12 ($0.16) price objective on shares of Tullow Oil in a research report on Thursday. Finally, Shore Capital reduced their target price on shares of Tullow Oil from GBX 45 ($0.61) to GBX 30 ($0.40) and set a "buy" rating on the stock in a report on Friday.

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.