Shares of Tullow Oil plc (LON:TLW – Get Free Report) traded up 17.2% during trading on Friday . The stock traded as high as GBX 14.58 ($0.19) and last traded at GBX 14.06 ($0.18). 179,569,344 shares traded hands during mid-day trading, an increase of 1,293% from the average session volume of 12,889,608 shares. The stock had previously closed at GBX 12 ($0.16).
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on TLW shares. Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a research note on Tuesday, April 1st. Canaccord Genuity Group dropped their price objective on Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a “speculative buy” rating on the stock in a research note on Thursday, February 20th.
Read Our Latest Research Report on Tullow Oil
Tullow Oil Stock Down 6.8 %
The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. The firm has a market cap of £242.31 million, a P/E ratio of 15.48, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The stock’s fifty day moving average is GBX 15.48 and its two-hundred day moving average is GBX 20.05.
Insider Transactions at Tullow Oil
In other Tullow Oil news, insider Roald Goethe acquired 150,000 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was bought at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($27,486.91). Insiders own 24.59% 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. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.
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