Tullow Oil’s (TLW) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Tullow Oil (LON:TLW – Free Report) in a research note published on Wednesday morning, Marketbeat Ratings reports. Peel Hunt currently has a GBX 24 price objective on the stock.

TLW has been the topic of a number of other research reports. Shore Capital Group reissued a “hold” rating on shares of Tullow Oil in a research note on Tuesday, April 28th. Canaccord Genuity Group lifted their target price on Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Tullow Oil presently has an average rating of “Reduce” and an average price target of GBX 12.35.

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Tullow Oil Price Performance

Shares of LON:TLW opened at GBX 13.96 on Wednesday. The stock has a market cap of £211.50 million, a price-to-earnings ratio of 34.90, a PEG ratio of -0.19 and a beta of 0.47. The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. Tullow Oil has a 12 month low of GBX 3.51 and a 12 month high of GBX 19.50. The stock’s 50 day moving average price is GBX 13.73 and its 200 day moving average price is GBX 12.63.

Insider Buying and Selling

In related news, insider Richard Miller purchased 115,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average price of GBX 17 per share, with a total value of £19,550. Also, insider Garrett Soden acquired 426,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were bought at an average price of GBX 15 per share, with a total value of £63,900. Company insiders own 3.00% of the company’s stock.

About Tullow Oil

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Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. 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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