Tullow Oil (LON:TLW) Stock Price Down 7.4% – What’s Next?

Shares of Tullow Oil plc (LON:TLW) fell 7.4% on Thursday . The stock traded as low as GBX 12.78 and last traded at GBX 12.78. Approximately 12,665,458 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 19,191,963 shares. The stock had previously closed at GBX 13.80.

Analyst Upgrades and Downgrades

TLW has been the topic of a number of recent research reports. Canaccord Genuity Group increased their price target on Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Shore Capital Group reaffirmed a “hold” rating on shares of Tullow Oil in a research note on Tuesday, April 28th. Two investment 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, the company currently has an average rating of “Reduce” and a consensus price target of GBX 13.85.

Tullow Oil Trading Down 2.5%

The company has a market capitalization of £188.77 million, a PE ratio of 31.15, a price-to-earnings-growth 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. The company’s fifty day moving average is GBX 14.59 and its 200-day moving average is GBX 11.54.

Insider Buying and Selling at Tullow Oil

In other Tullow Oil news, insider Garrett Soden bought 426,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of GBX 15 per share, for a total transaction of £63,900. Also, insider Richard Miller purchased 115,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of GBX 17 per share, for a total transaction of £19,550. 3.00% of the stock is owned by insiders.

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.