Tullow Oil plc (LON:TLW - Get Free Report)'s share price fell 21% during mid-day trading on Wednesday . The stock traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). 24,900,646 shares were traded during mid-day trading, an increase of 179% from the average session volume of 8,938,376 shares. The stock had previously closed at GBX 21.40 ($0.29).
Wall Street Analyst Weigh In
Several research firms recently issued reports on TLW. Canaccord Genuity Group increased their price objective on shares of Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the company a "hold" rating in a report on Thursday, May 29th. Shore Capital reiterated a "buy" rating on shares of Tullow Oil in a research report on Wednesday, June 4th.
Read Our Latest Analysis on Tullow Oil
Tullow Oil Trading Down 21.0%
The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. The company has a fifty day simple moving average of GBX 14.61 and a 200-day simple moving average of GBX 17.23. The company has a market capitalization of £312.60 million, a PE ratio of 19.97, 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 Tullow Oil stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of GBX 14 ($0.19) per share, with a total value of £21,000 ($28,180.35). In the last ninety days, insiders acquired 400,000 shares of company stock worth $5,900,000. 24.59% of the stock is currently owned by company insiders.
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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