Tullow Oil plc (LON:TLW - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as GBX 11.04 ($0.14) and last traded at GBX 13.68 ($0.18), with a volume of 13634706 shares trading hands. The stock had previously closed at GBX 13.60 ($0.18).
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TLW shares. Shore Capital reiterated a "buy" rating on shares of Tullow Oil in a research report on Tuesday, April 1st. Canaccord Genuity Group cut their price objective on Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a "speculative buy" rating for the company in a report on Thursday, February 20th.
View Our Latest Analysis on TLW
Tullow Oil Trading Down 6.8 %
The firm has a market cap of £242.31 million, a P/E ratio of 15.48, a PEG ratio of -0.19 and a beta of 2.08. The company has a 50 day moving average of GBX 15.48 and a 200 day moving average of GBX 20.05. 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.
Insider Transactions at Tullow Oil
In related news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was bought at an average price of GBX 17 ($0.22) per share, for a total transaction of £17,000 ($22,251.31). 24.59% of the stock is currently owned by company insiders.
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.
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