Tullow Oil plc (LON:TLW - Get Free Report) shares shot up 14.3% during trading on Wednesday . The stock traded as high as GBX 15.91 ($0.21) and last traded at GBX 15.64 ($0.21). 11,230,354 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 9,404,102 shares. The stock had previously closed at GBX 13.68 ($0.18).
Wall Street Analyst Weigh In
Several brokerages have recently commented on TLW. Canaccord Genuity Group decreased their target price on 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. Shore Capital reiterated a "buy" rating on shares of Tullow Oil in a research report on Tuesday, May 6th.
Get Our Latest Research Report on Tullow Oil
Tullow Oil Stock Down 6.0%
The firm has a market cap of £271.91 million, a price-to-earnings ratio of 17.37, a price-to-earnings-growth 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. The stock has a 50-day moving average of GBX 14.02 and a 200-day moving average of GBX 18.37.
Insider Activity at Tullow Oil
In other Tullow Oil news, insider Roald Goethe bought 150,000 shares of the business's stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 14 ($0.19) per share, with a total value of £21,000 ($27,947.83). Insiders purchased 400,000 shares of company stock worth $5,900,000 in the last 90 days. 24.59% of the stock is currently owned by company 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.
Further Reading
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