Tullow Oil plc (LON:TLW - Get Free Report) shares 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 traded.
Analysts Set New Price Targets
Several analysts have issued reports on TLW shares. Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a research note on Wednesday, June 4th. Canaccord Genuity Group increased their price objective on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the company a "hold" rating in a research note on Thursday, May 29th.
View Our Latest Research Report on Tullow Oil
Tullow Oil Stock Down 21.0%
The stock's fifty day moving average is GBX 14.61 and its 200 day moving average is GBX 17.23. 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 £312.60 million, a P/E ratio of 19.97, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Activity at Tullow Oil
In related news, insider Roald Goethe acquired 150,000 shares of the firm's stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($28,180.35). Insiders bought 400,000 shares of company stock worth $5,900,000 in the last three months. 24.59% of the stock is owned by insiders.
Tullow Oil Company Profile
(
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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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