Tullow Oil plc (LON:TLW - Get Free Report)'s stock price was down 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). Approximately 24,900,646 shares were traded during mid-day 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).
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on TLW shares. Canaccord Genuity Group increased their target price 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 reaffirmed a "buy" rating on shares of Tullow Oil in a research note on Wednesday, June 4th.
Read Our Latest Stock Analysis on TLW
Tullow Oil Stock Performance
The company has a 50 day simple moving average of GBX 14.61 and a 200-day simple moving average of GBX 17.23. The stock has a market capitalization of £312.60 million, a P/E ratio of 19.97, a price-to-earnings-growth 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 Activity
In other Tullow Oil news, insider Roald Goethe bought 150,000 shares of Tullow Oil stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($28,191.70). Insiders have purchased a total of 400,000 shares of company stock worth $5,900,000 over the last ninety days. Company 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.
See Also
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