Tullow Oil plc (LON:TLW - Get Free Report)'s stock price was down 16.6% during trading on Wednesday . The company traded as low as GBX 11.20 ($0.15) and last traded at GBX 11.95 ($0.16). Approximately 36,763,664 shares traded hands during trading, an increase of 359% from the average daily volume of 8,014,342 shares. The stock had previously closed at GBX 14.32 ($0.19).
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TLW. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a report on Wednesday, July 30th. Canaccord Genuity Group lifted their price target on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the stock a "hold" rating in a research report on Thursday, May 29th.
Get Our Latest Stock Report on Tullow Oil
Tullow Oil Stock Performance
The stock has a market cap of £220.98 million, a price-to-earnings ratio of 14.12, a PEG ratio of -0.19 and a beta of 2.08. The stock's fifty day moving average is GBX 16.21 and its 200-day moving average is GBX 15.73. 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.
Insider Transactions at Tullow Oil
In related news, insider Roald Goethe purchased 100,000 shares of Tullow Oil stock in a transaction dated Wednesday, June 25th. The stock was bought at an average price of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,603.38). Corporate insiders own 24.59% of the company's stock.
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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