Tullow Oil plc (LON:TLW - Get Free Report) shares dropped 21% during trading on Thursday . The company traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). Approximately 24,900,646 shares were traded during 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).
Analyst Ratings Changes
TLW has been the subject of a number of analyst reports. Shore Capital restated 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 report on Thursday, May 29th.
Read Our Latest Report on TLW
Tullow Oil Stock Down 1.4%
The firm's 50-day simple moving average is GBX 14.90 and its 200 day simple moving average is GBX 17.14. The company has a market cap of £334.80 million, a P/E ratio of 21.39, a PEG ratio of -0.19 and a beta of 2.08. 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 Activity at Tullow Oil
In other news, insider Roald Goethe bought 150,000 shares of the stock in a transaction on Friday, April 4th. The stock was purchased at an average price of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,191.70). Over the last quarter, insiders purchased 400,000 shares of company stock worth $5,900,000. 24.59% of the stock is owned by insiders.
Tullow Oil Company Profile
(
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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