Tullow Oil plc (LON:TLW - Get Free Report) rose 14.3% during mid-day trading on Wednesday . The stock traded as high as GBX 15.91 ($0.21) and last traded at GBX 15.64 ($0.21). Approximately 11,230,354 shares were traded during trading, an increase of 19% from the average daily volume of 9,404,102 shares. The stock had previously closed at GBX 13.68 ($0.18).
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a research report on Tuesday, May 6th. Canaccord Genuity Group decreased their price target on shares of Tullow Oil from GBX 35 ($0.47) to GBX 25 ($0.33) and set a "speculative buy" rating for the company in a research report on Thursday, February 20th.
Get Our Latest Report on Tullow Oil
Tullow Oil Trading Down 0.7%
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 cap of £268.21 million, a P/E ratio of 17.13, a PEG ratio of -0.19 and a beta of 2.08. The firm's 50-day simple moving average is GBX 14.11 and its 200 day simple moving average is GBX 18.18.
Insider Buying and Selling at Tullow Oil
In other Tullow Oil news, insider Roald Goethe bought 100,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of GBX 17 ($0.23) per share, with a total value of £17,000 ($22,606.38). Insiders purchased 400,000 shares of company stock valued at $5,900,000 in the last quarter. Company insiders own 24.59% of the company's stock.
About Tullow Oil
(
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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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