Tullow Oil plc (LON:TLW - Get Free Report) shares were down 19% on Wednesday . The stock traded as low as GBX 11.20 ($0.15) and last traded at GBX 11.60 ($0.15). Approximately 32,951,082 shares traded hands during trading, an increase of 312% from the average daily volume of 7,989,093 shares. The stock had previously closed at GBX 14.32 ($0.19).
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on TLW shares. Shore Capital reiterated a "buy" rating on shares of Tullow Oil in a research report on Wednesday, July 30th. Canaccord Genuity Group upped their price target on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the company a "hold" rating in a research report on Thursday, May 29th.
Read Our Latest Research Report on Tullow Oil
Tullow Oil Stock Performance
The firm has a market cap of £214.57 million, a PE ratio of 13.71, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The company has a 50 day simple moving average of GBX 16.21 and a 200-day simple moving average of GBX 15.73.
Insider Buying and Selling
In other news, insider Roald Goethe acquired 100,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,709.06). 24.59% of the stock is owned by insiders.
About Tullow Oil
(
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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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