Shares of Tullow Oil plc (LON:TLW - Get Free Report) were down 16.6% on Wednesday . The company traded as low as GBX 11.20 ($0.15) and last traded at GBX 11.95 ($0.16). Approximately 36,763,664 shares changed hands during mid-day trading, an increase of 359% from the average daily volume of 8,014,342 shares. The stock had previously closed at GBX 14.32 ($0.19).
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 12 ($0.16) target price on shares of Tullow Oil in a research note on Thursday. Shore Capital reduced their price objective on shares of Tullow Oil from GBX 45 ($0.61) to GBX 30 ($0.40) and set a "buy" rating for the company in a research report on Friday. Finally, Canaccord Genuity Group decreased their price objective on shares of Tullow Oil from GBX 16 ($0.22) to GBX 10 ($0.13) and set a "hold" rating for the company in a research note on Thursday.
Check Out Our Latest Stock Analysis on TLW
Tullow Oil Stock Performance
The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31. The company has a market capitalization of £184.79 million, a PE ratio of 11.80, a PEG ratio of -0.19 and a beta of 2.08. The company has a 50-day moving average price of GBX 16.01 and a two-hundred day moving average price of GBX 15.49.
Insider Buying and Selling at Tullow Oil
In other news, insider Roald Goethe acquired 2,000,000 shares of Tullow Oil stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of GBX 12 ($0.16) per share, with a total value of £240,000 ($322,797.58). 24.59% of the stock is currently owned by corporate 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.
See Also
Before you consider Tullow Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tullow Oil wasn't on the list.
While Tullow Oil currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access