Tullow Oil (LON:TLW - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Shore Capital in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.
Separately, Canaccord Genuity Group upped their price target on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.22) and gave the stock a "hold" rating in a research note on Thursday, May 29th.
Check Out Our Latest Stock Analysis on Tullow Oil
Tullow Oil Price Performance
Shares of LON:TLW traded up GBX 0.16 ($0.00) on Wednesday, reaching GBX 15.98 ($0.22). 4,927,801 shares of the company traded hands, compared to its average volume of 8,743,712. Tullow Oil has a fifty-two week low of GBX 11 ($0.15) and a fifty-two week high of GBX 37.18 ($0.50). The company's 50 day moving average is GBX 13.93 and its 200-day moving average is GBX 17.52. The stock has a market capitalization of £295.58 million, a PE ratio of 18.88, 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.
Insiders Place Their Bets
In other news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was bought at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($23,085.28). Insiders have acquired 400,000 shares of company stock valued at $5,900,000 over the last three months. 24.59% of the stock is currently owned by insiders.
About Tullow Oil
(
Get Free Report)
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.
Read More
Before you consider Tullow Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tullow Oil wasn't on the list.
While Tullow Oil currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
