Tullow Oil plc (LON:TLW - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 17.20 ($0.23) and traded as high as GBX 20.70 ($0.28). Tullow Oil shares last traded at GBX 20.40 ($0.27), with a volume of 14,269,822 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TLW shares. Canaccord Genuity Group boosted their target price on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.22) and gave the company 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 note on Wednesday, June 4th.
Read Our Latest Research Report on Tullow Oil
Tullow Oil Price Performance
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 company has a market capitalization of £334.80 million, a PE ratio of 21.39, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The stock's 50-day moving average is GBX 14.80 and its two-hundred day moving average is GBX 17.21.
Insider Activity
In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of GBX 17 ($0.23) per share, with a total value of £17,000 ($22,892.54). Over the last 90 days, insiders have acquired 400,000 shares of company stock valued at $5,900,000. 24.59% of the stock is currently 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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