Tullow Oil (LON:TLW - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Shore Capital in a research note issued on Monday, Marketbeat Ratings reports. They presently have a GBX 45 ($0.60) price objective on the stock. Shore Capital's price target would indicate a potential upside of 192.97% from the stock's previous close.
Separately, Canaccord Genuity Group raised their price target on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the stock a "hold" rating in a research note on Thursday, May 29th.
View Our Latest Stock Analysis on Tullow Oil
Tullow Oil Stock Performance
LON:TLW opened at GBX 15.36 ($0.21) on Monday. 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. Tullow Oil has a 12-month low of GBX 11 ($0.15) and a 12-month high of GBX 32.42 ($0.43). The stock has a 50-day moving average price of GBX 16.04 and a 200 day moving average price of GBX 16.38. The stock has a market capitalization of £284.11 million, a P/E ratio of 18.15, a P/E/G ratio of -0.19 and a beta of 2.08.
Insider Activity
In other news, insider Roald Goethe bought 150,000 shares of the stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average cost of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,169.01). 24.59% of the stock is owned by corporate 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.
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