Tullow Oil plc (LON:TLW - Get Free Report)'s stock price dropped 19% during mid-day trading on Wednesday . The stock traded as low as GBX 11.20 ($0.15) and last traded at GBX 11.60 ($0.15). Approximately 32,951,082 shares traded hands during mid-day trading, an increase of 312% from the average daily volume of 7,989,093 shares. The stock had previously closed at GBX 14.32 ($0.19).
Wall Street Analysts Forecast Growth
A number of analysts recently commented on TLW shares. Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a research note on Wednesday, July 30th. 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.
Read Our Latest Stock Analysis on Tullow Oil
Tullow Oil Trading Down 19.0%
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 stock has a market capitalization of £214.57 million, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The business has a 50 day simple moving average of GBX 16.21 and a 200-day simple moving average of GBX 15.73.
Insider Transactions at Tullow Oil
In other news, insider Roald Goethe acquired 100,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were bought at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,709.06). Company 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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