Tullow Oil plc (LON:TLW - Get Free Report) dropped 21% during mid-day trading on Wednesday . The stock traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). Approximately 24,900,646 shares traded hands during mid-day trading, an increase of 179% from the average daily volume of 8,938,376 shares. The stock had previously closed at GBX 21.40 ($0.29).
Wall Street Analysts Forecast Growth
TLW has been the topic of several recent analyst reports. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a research note on Wednesday, June 4th. Canaccord Genuity Group raised their target price on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the stock a "hold" rating in a research note on Thursday, May 29th.
Read Our Latest Research Report on Tullow Oil
Tullow Oil Stock Performance
The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The business has a 50-day simple moving average of GBX 14.61 and a 200 day simple moving average of GBX 17.23. The firm has a market cap of £312.60 million, a PE ratio of 19.97, a PEG ratio of -0.19 and a beta of 2.08.
Insiders Place Their Bets
In other news, insider Roald Goethe acquired 150,000 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,180.35). Insiders purchased a total of 400,000 shares of company stock worth $5,900,000 over the last quarter. 24.59% of the stock is currently owned by corporate 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 Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
