Tullow Oil plc (LON:TLW - Get Free Report) was down 21% on Wednesday . The company traded as low as GBX 16.14 ($0.22) and last traded at GBX 16.90 ($0.23). Approximately 24,900,646 shares traded hands during trading, an increase of 179% from the average daily volume of 8,938,376 shares. The stock had previously closed at GBX 21.40 ($0.29).
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on TLW shares. Canaccord Genuity Group lifted their target price on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.22) and gave the company a "hold" rating in a research report on Thursday, May 29th. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a research report on Wednesday, June 4th.
Get Our Latest Analysis on TLW
Tullow Oil Trading Down 1.4%
The stock has a market capitalization of £334.80 million, a P/E ratio of 21.39, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. 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 50-day moving average price of GBX 14.90 and a 200 day moving average price of GBX 17.18.
Insider Transactions at Tullow Oil
In other Tullow Oil news, insider Roald Goethe bought 150,000 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($28,240.99). In the last three months, insiders purchased 400,000 shares of company stock valued at $5,900,000. Corporate insiders own 24.59% of the company's stock.
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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