Tullow Oil plc (LON:TLW - Get Free Report) dropped 19% on Wednesday . The stock traded as low as GBX 11.20 ($0.15) and last traded at GBX 11.60 ($0.16). Approximately 32,951,082 shares were traded during mid-day trading, an increase of 312% from the average daily volume of 7,989,093 shares. The stock had previously closed at GBX 14.32 ($0.19).
Analyst Upgrades and Downgrades
TLW has been the topic of several analyst reports. Jefferies Financial Group restated an "underperform" rating and set a GBX 12 ($0.16) price objective on shares of Tullow Oil in a report on Thursday. Shore Capital decreased their price objective on Tullow Oil from GBX 45 ($0.61) to GBX 30 ($0.40) and set a "buy" rating on the stock in a report on Friday. Finally, Canaccord Genuity Group decreased their price objective on Tullow Oil from GBX 16 ($0.22) to GBX 10 ($0.13) and set a "hold" rating on the stock in a report on Thursday.
Read Our Latest Research Report on Tullow Oil
Tullow Oil Stock Performance
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. The stock has a market capitalization of £184.79 million, a P/E ratio of 11.80, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a fifty day moving average of GBX 16.01 and a two-hundred day moving average of GBX 15.49.
Insider Buying and Selling
In related news, insider Roald Goethe bought 2,000,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of GBX 12 ($0.16) per share, for a total transaction of £240,000 ($322,797.58). 24.59% of the stock is currently owned by insiders.
Tullow Oil Company Profile
(
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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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