Tullow Oil plc (LON:TLW - Get Free Report) was down 21% during trading on Thursday . The stock traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). Approximately 24,900,646 shares changed hands during mid-day trading, an increase of 179% from the average daily volume of 8,938,376 shares. The stock had previously closed at GBX 21.40 ($0.29).
Analysts Set New Price Targets
Several research analysts have commented on TLW shares. Canaccord Genuity Group upped their price objective on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the stock a "hold" rating in a report on Thursday, May 29th. Shore Capital restated a "buy" rating on shares of Tullow Oil in a report on Wednesday, June 4th.
Get Our Latest Stock Report on Tullow Oil
Tullow Oil Stock Up 6.6%
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 firm has a market capitalization of £333.28 million, a P/E ratio of 21.29, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company's fifty day simple moving average is GBX 14.71 and its 200 day simple moving average is GBX 17.22.
Insider Buying and Selling
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 bought at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,812.67). Insiders acquired a total of 400,000 shares of company stock worth $5,900,000 in the last three months. 24.59% of the stock is owned by corporate 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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