Tullow Oil plc (LON:TLW - Get Free Report) 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 were traded 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 Analyst Weigh In
A number of research analysts recently weighed in on TLW shares. Canaccord Genuity Group raised their price target on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the company a "hold" rating in a research report on Thursday, May 29th. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a research report on Wednesday, June 4th.
Read Our Latest Research Report on Tullow Oil
Tullow Oil Stock Down 19.1%
The stock's fifty day moving average is GBX 14.61 and its two-hundred day moving average is GBX 17.23. 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. The firm has a market cap of £320.37 million, a P/E ratio of 20.46, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Transactions at Tullow Oil
In related news, insider Roald Goethe bought 150,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($28,191.70). In the last ninety days, insiders purchased 400,000 shares of company stock valued at $5,900,000. Insiders own 24.59% of the company's stock.
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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