Tullow Oil plc (LON:TLW - Get Free Report)'s share price fell 19% on Wednesday . The company traded as low as GBX 11.20 ($0.15) and last traded at GBX 11.60 ($0.15). 32,951,082 shares were traded during mid-day trading, an increase of 312% from the average session volume of 7,989,093 shares. The stock had previously closed at GBX 14.32 ($0.19).
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Canaccord Genuity Group upped their price objective on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the stock a "hold" rating in a report on Thursday, May 29th. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a report on Wednesday, July 30th.
View Our Latest Stock Report on TLW
Tullow Oil Trading Down 19.0%
The business has a 50 day moving average of GBX 16.21 and a 200 day moving average of GBX 15.73. The firm has a market capitalization of £214.57 million, a price-to-earnings ratio of 13.71, a PEG ratio of -0.19 and a beta of 2.08. 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 Buying and Selling
In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,603.38). Insiders own 24.59% of the company's stock.
Tullow Oil Company Profile
(
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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