Tullow Oil plc (LON:TLW – Get Free Report) insider Richard Miller bought 115,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of GBX 17 per share, with a total value of £19,550.
Tullow Oil Stock Down 5.3%
Shares of Tullow Oil stock traded down GBX 0.92 on Tuesday, reaching GBX 16.28. The company’s stock had a trading volume of 14,194,884 shares, compared to its average volume of 20,889,031. Tullow Oil plc has a 52 week low of GBX 3.51 and a 52 week high of GBX 21.50. The firm’s fifty day simple moving average is GBX 13.76 and its two-hundred day simple moving average is GBX 9.95. The company has a quick ratio of 0.63, a current ratio of 0.52 and a debt-to-equity ratio of -892.65. The company has a market capitalization of £240.13 million, a price-to-earnings ratio of 40.70, a P/E/G ratio of -0.19 and a beta of 0.43.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Shore Capital Group reiterated a “hold” rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tullow Oil currently has a consensus rating of “Reduce” and an average target price of GBX 13.85.
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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