Tullow Oil plc (LON:TLW - Get Free Report) 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
TLW has been the topic of a number of analyst reports. Shore Capital restated a "buy" rating on shares of Tullow Oil in a research report on Tuesday, May 6th. Canaccord Genuity Group reduced their price target 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 report on Thursday, February 20th.
Get Our Latest Stock Analysis on TLW
Tullow Oil Price Performance
The company has a market cap of £270.06 million, a P/E ratio of 17.25, a PEG ratio of -0.19 and a beta of 2.08. The stock has a 50-day moving average of GBX 14.11 and a 200 day moving average of GBX 18.18. 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.
Insiders Place Their Bets
In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,606.38). Insiders have bought 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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