Tullow Oil plc (LON:TLW - Get Free Report)'s share price traded up 10.2% during trading on Wednesday . The company traded as high as GBX 9.49 ($0.13) and last traded at GBX 9.15 ($0.12). 12,565,360 shares changed hands during trading, an increase of 55% from the average session volume of 8,080,901 shares. The stock had previously closed at GBX 8.30 ($0.11).
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Canaccord Genuity Group reduced their price objective on Tullow Oil from GBX 16 to GBX 10 and set a "hold" rating for the company in a research report on Thursday, August 7th. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a report on Friday, September 5th. Finally, Jefferies Financial Group cut their price target on Tullow Oil from GBX 12 to GBX 6 and set an "underperform" rating for the company in a report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tullow Oil has an average rating of "Hold" and an average price target of GBX 15.33.
Read Our Latest Stock Analysis on Tullow Oil
Tullow Oil Stock Up 10.4%
The firm has a market cap of £134.20 million, a P/E ratio of -0.65, a price-to-earnings-growth 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 company has a fifty day simple moving average of GBX 10.61 and a 200-day simple moving average of GBX 13.35.
Insider Buying and Selling at Tullow Oil
In other Tullow Oil news, insider Roald Goethe acquired 2,000,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of GBX 12 per share, with a total value of £240,000. 1.34% of the stock is currently owned by company insiders.
Tullow Oil Company Profile
(
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
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