Tullow Oil plc (LON:TLW – Get Free Report) insider Richard Miller bought 115,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 17 per share, with a total value of £19,550.
Tullow Oil Stock Down 5.3%
Shares of LON TLW traded down GBX 0.92 during mid-day trading on Tuesday, hitting GBX 16.28. 14,194,884 shares of the stock traded hands, compared to its average volume of 20,889,031. The company has a market cap of £240.13 million, a price-to-earnings ratio of 40.70, a PEG ratio of -0.19 and a beta of 0.43. The stock has a fifty day moving average price of GBX 13.76 and a 200-day moving average price of GBX 9.95. Tullow Oil plc has a 52 week low of GBX 3.51 and a 52 week high of GBX 21.50. The company has a debt-to-equity ratio of -892.65, a quick ratio of 0.63 and a current ratio of 0.52.
Analysts Set New Price Targets
A number of research analysts recently issued reports on TLW shares. Canaccord Genuity Group lifted their price target on shares of Tullow Oil from GBX 13 to GBX 14 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Shore Capital Group restated a “hold” rating on shares of Tullow Oil in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Tullow Oil presently has an average rating of “Reduce” and an average target price of GBX 13.85.
About Tullow Oil
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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