Tullow Oil plc (LON:TLW) Insider Roald Goethe Purchases 150,000 Shares

Tullow Oil plc (LON:TLW - Get Free Report) insider Roald Goethe bought 150,000 shares of the company's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($26,833.63).

Roald Goethe also recently made the following trade(s):

• On Wednesday, March 26th, Roald Goethe bought 100,000 shares of Tullow Oil stock. The stock was bought at an average cost of GBX 17 ($0.22) per share, for a total transaction of £17,000 ($21,722.46).

Tullow Oil Trading Down 12.3 %

LON TLW traded down GBX 1.68 ($0.02) during mid-day trading on Wednesday, reaching GBX 12 ($0.15). 11,667,563 shares of the stock were exchanged, compared to its average volume of 10,508,425. The business's fifty day simple moving average is GBX 15.92 and its 200 day simple moving average is GBX 20.30. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market capitalization of £221.96 million, a PE ratio of 14.18, a PEG ratio of -0.19 and a beta of 2.08. Tullow Oil plc has a 1-year low of GBX 11 ($0.14) and a 1-year high of GBX 40.32 ($0.52).

Analysts Set New Price Targets

TLW has been the subject of several recent research reports. Shore Capital reissued a "buy" rating on shares of Tullow Oil in a research report on Tuesday, April 1st. Canaccord Genuity Group dropped their price objective on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a "speculative buy" rating for the company in a research report on Thursday, February 20th.

About Tullow Oil

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.