Shore Capital reiterated their buy rating on shares of Tullow Oil (LON:TLW - Free Report) in a report issued on Wednesday morning, Marketbeat Ratings reports.
Separately, Canaccord Genuity Group lifted their price target on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the stock a "hold" rating in a report on Thursday, May 29th.
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Tullow Oil Stock Performance
Shares of Tullow Oil stock traded down GBX 0.12 ($0.00) during mid-day trading on Wednesday, hitting GBX 14.18 ($0.19). 5,377,986 shares of the stock were exchanged, compared to its average volume of 7,902,957. Tullow Oil has a 12 month low of GBX 11 ($0.15) and a 12 month high of GBX 30.34 ($0.40). The company has a 50-day simple moving average of GBX 16.19 and a 200 day simple moving average of GBX 15.85. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market capitalization of £262.29 million, a P/E ratio of 16.75, a P/E/G ratio of -0.19 and a beta of 2.08.
Insider Buying and Selling at Tullow Oil
In other news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of GBX 17 ($0.23) per share, with a total value of £17,000 ($22,564.37). Insiders own 24.59% of the company's stock.
About Tullow Oil
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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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