Tullow Oil plc (LON:TLW - Get Free Report) traded down 18% on Wednesday . The stock traded as low as GBX 16.14 ($0.22) and last traded at GBX 17.55 ($0.24). 113,032,531 shares traded hands during mid-day trading, an increase of 1,066% from the average session volume of 9,698,134 shares. The stock had previously closed at GBX 21.40 ($0.29).
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Canaccord Genuity Group raised 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 restated a "buy" rating on shares of Tullow Oil in a research report on Wednesday, June 4th.
Check Out Our Latest Stock Report on Tullow Oil
Tullow Oil Stock Performance
The stock has a market cap of £334.80 million, a PE ratio of 21.39, a P/E/G ratio of -0.19 and a beta of 2.08. 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 stock has a 50-day moving average of GBX 14.90 and a 200 day moving average of GBX 17.18.
Insider Buying and Selling
In related news, insider Roald Goethe acquired 150,000 shares of Tullow Oil stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($28,240.99). Over the last 90 days, insiders have purchased 400,000 shares of company stock worth $5,900,000. 24.59% of the stock is 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.
Recommended Stories
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
