Jefferies Financial Group restated their underperform rating on shares of Tullow Oil (LON:TLW - Free Report) in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage currently has a GBX 12 ($0.16) price target on the stock.
Other equities analysts have also issued research reports about the stock. Shore Capital restated a "buy" rating on shares of Tullow Oil in a research report on Wednesday, July 30th. Canaccord Genuity Group increased their target price on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.22) and gave the company a "hold" rating in a research report on Thursday, May 29th.
Read Our Latest Stock Report on TLW
Tullow Oil Stock Performance
Shares of LON:TLW traded down GBX 0.76 ($0.01) on Thursday, reaching GBX 9.23 ($0.12). 18,525,377 shares of the company's stock were exchanged, compared to its average volume of 8,216,844. The firm has a market capitalization of £170.73 million, a price-to-earnings ratio of 10.91, a PEG ratio of -0.19 and a beta of 2.08. Tullow Oil has a fifty-two week low of GBX 9.23 ($0.12) and a fifty-two week high of GBX 28.86 ($0.39). The business's 50-day moving average is GBX 16.01 and its two-hundred day moving average is GBX 15.45. 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.
Insider Activity at Tullow Oil
In other Tullow Oil news, insider Roald Goethe bought 2,000,000 shares of Tullow Oil stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of GBX 12 ($0.16) per share, for a total transaction of £240,000 ($322,667.38). Corporate insiders own 24.59% of the company's stock.
Tullow Oil Company Profile
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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.
Further Reading
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