Tullow Oil plc (LON:TLW - Get Free Report) shares traded up 14.3% during mid-day trading on Tuesday . The company traded as high as GBX 15.91 ($0.21) and last traded at GBX 15.64 ($0.21). 11,230,354 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 9,404,102 shares. The stock had previously closed at GBX 13.68 ($0.18).
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Canaccord Genuity Group lowered their price target on Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a "speculative buy" rating for the company in a research report on Thursday, February 20th. Shore Capital restated a "buy" rating on shares of Tullow Oil in a research report on Tuesday, May 6th.
Read Our Latest Report on TLW
Tullow Oil Stock Performance
The firm has a market capitalization of £270.06 million, a P/E ratio of 17.25, a P/E/G ratio of -0.19 and a beta of 2.08. The firm has a 50-day moving average price of GBX 14.11 and a two-hundred day moving average price of GBX 18.26. 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.
Insider Transactions at Tullow Oil
In other news, insider Roald Goethe purchased 150,000 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average price of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($27,895.86). Over the last ninety days, insiders acquired 400,000 shares of company stock worth $5,900,000. 24.59% of the stock is currently owned by 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.
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