Shares of Tullow Oil plc (LON:TLW - Get Free Report) rose 14.3% on Wednesday . The stock traded as high as GBX 15.91 ($0.21) and last traded at GBX 15.64 ($0.21). Approximately 11,230,354 shares changed hands during trading, an increase of 19% from the average daily volume of 9,404,102 shares. The stock had previously closed at GBX 13.68 ($0.18).
Wall Street Analyst Weigh In
TLW has been the topic of several research analyst reports. Canaccord Genuity Group dropped their target price on Tullow Oil from GBX 35 ($0.47) to GBX 25 ($0.33) and set a "speculative buy" rating on the stock in a research note on Thursday, February 20th. Shore Capital restated a "buy" rating on shares of Tullow Oil in a research note on Tuesday, May 6th.
Get Our Latest Report on Tullow Oil
Tullow Oil Trading Down 0.7%
The company has a 50 day moving average of GBX 14.11 and a two-hundred day moving average of GBX 18.18. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market capitalization of £268.21 million, a PE ratio of 17.13, a P/E/G ratio of -0.19 and a beta of 2.08.
Insider Activity
In other news, insider Roald Goethe bought 150,000 shares of the business's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($27,925.53). Insiders purchased 400,000 shares of company stock worth $5,900,000 over the last ninety days. Corporate insiders own 24.59% of the company's stock.
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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