Tullow Oil plc (LON:TLW - Get Free Report)'s stock price was down 18.3% during mid-day trading on Wednesday . The company traded as low as GBX 16.14 ($0.22) and last traded at GBX 17.47 ($0.23). Approximately 110,517,383 shares changed hands during trading, an increase of 1,042% from the average daily volume of 9,676,451 shares. The stock had previously closed at GBX 21.40 ($0.29).
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on TLW shares. Shore Capital restated a "buy" rating on shares of Tullow Oil in a research note on Wednesday, June 4th. Canaccord Genuity Group raised their price target on 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.
Read Our Latest Stock Analysis on Tullow Oil
Tullow Oil Stock Down 1.4%
The business has a 50-day simple moving average of GBX 14.90 and a two-hundred day simple moving average of GBX 17.14. 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 £334.80 million, a price-to-earnings ratio of 21.39, a PEG ratio of -0.19 and a beta of 2.08.
Insiders Place Their Bets
In related news, insider Roald Goethe acquired 150,000 shares of the firm's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,240.99). In the last ninety days, insiders purchased 400,000 shares of company stock valued at $5,900,000. 24.59% of the stock is owned by company 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.
Featured Stories
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
