Shares of Tullow Oil plc (LON:TLW – Get Free Report) traded up 10.6% on Wednesday . The stock traded as high as GBX 14.13 and last traded at GBX 13.80. 36,671,559 shares were traded during trading, an increase of 89% from the average session volume of 19,394,027 shares. The stock had previously closed at GBX 12.48.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TLW. Shore Capital Group reissued a “hold” rating on shares of Tullow Oil in a research note on Tuesday, April 28th. Canaccord Genuity Group increased their price objective on shares of Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of GBX 13.85.
Check Out Our Latest Stock Report on Tullow Oil
Tullow Oil Stock Performance
Insider Buying and Selling
In other Tullow Oil news, insider Richard Miller bought 115,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of GBX 17 per share, with a total value of £19,550. Also, insider Garrett Soden bought 426,000 shares of Tullow Oil stock in a transaction on Friday, June 12th. The shares were acquired at an average price of GBX 15 per share, for a total transaction of £63,900. Insiders own 3.00% of the company’s stock.
Tullow Oil Company Profile
Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow’s operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).
For further information, please refer to: www.tullowoil.com.
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