Tullow Oil plc (LON:TLW - Get Free Report)'s stock price traded down 21% during trading on Wednesday . The company traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). 24,900,646 shares changed hands during 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 Ratings Changes
TLW has been the topic of several research analyst reports. Canaccord Genuity Group boosted 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. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a report on Wednesday, June 4th.
Get Our Latest Research Report on Tullow Oil
Tullow Oil Price Performance
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. The stock's 50 day moving average is GBX 14.61 and its two-hundred day moving average is GBX 17.23. The stock has a market capitalization of £312.60 million, a PE ratio of 19.97, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Activity
In related news, insider Roald Goethe purchased 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of GBX 17 ($0.23) per share, with a total value of £17,000 ($22,821.86). Insiders acquired 400,000 shares of company stock worth $5,900,000 over the last three months. 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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