Shares of Tullow Oil plc (LON:TLW - Get Free Report) traded down 12.1% during trading on Friday . The company traded as low as GBX 14 ($0.18) and last traded at GBX 14.22 ($0.18). 7,256,078 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 10,391,667 shares. The stock had previously closed at GBX 16.18 ($0.21).
Wall Street Analysts Forecast Growth
Several brokerages have commented on TLW. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a research report on Tuesday, April 1st. Canaccord Genuity Group lowered their target price on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a "speculative buy" rating on the stock in a report on Thursday, February 20th.
Check Out Our Latest Research Report on Tullow Oil
Tullow Oil Price Performance
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 business has a fifty day moving average of GBX 15.92 and a 200 day moving average of GBX 20.30. The firm has a market cap of £221.96 million, a P/E ratio of 14.18, a PEG ratio of -0.19 and a beta of 2.08.
Insider Transactions at Tullow Oil
In related news, insider Roald Goethe purchased 150,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of GBX 14 ($0.18) per share, for a total transaction of £21,000 ($26,833.63). 24.59% of the stock is currently 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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