Tullow Oil plc (LON:TLW - Get Free Report) shares fell 21% on Wednesday . The stock traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). 24,900,646 shares were traded during mid-day trading, an increase of 179% from the average session volume of 8,938,376 shares. The stock had previously closed at GBX 21.40 ($0.29).
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Canaccord Genuity Group raised their price target 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. Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a research report on Wednesday, June 4th.
Read Our Latest Research Report on TLW
Tullow Oil Price Performance
The company has a 50 day simple moving average of GBX 14.90 and a 200-day simple moving average of GBX 17.14. The stock has a market cap of £334.80 million, a price-to-earnings ratio of 21.39, a P/E/G ratio of -0.19 and a beta of 2.08. 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.
Insider Activity at Tullow Oil
In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,821.86). In the last quarter, insiders have bought 400,000 shares of company stock valued at $5,900,000. 24.59% of the stock is owned by 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.
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