Tullow Oil (LON:TLW) Given “Buy” Rating at Shore Capital

by · The Cerbat Gem

Tullow Oil (LON:TLW – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a research note issued on Friday,London Stock Exchange reports.

Separately, Canaccord Genuity Group reduced their price objective on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research note on Thursday, February 20th.

Get Our Latest Analysis on TLW

Tullow Oil Price Performance

TLW stock traded down GBX 0.29 ($0.00) during trading on Friday, hitting GBX 13.87 ($0.18). The stock had a trading volume of 8,162,021 shares, compared to its average volume of 10,616,493. The stock has a market cap of £256.55 million, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The company’s 50 day moving average price is GBX 17.83 and its two-hundred day moving average price is GBX 21.14. Tullow Oil has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52).

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe acquired 100,000 shares of the stock in a transaction on Tuesday, December 24th. The stock was bought at an average price of GBX 20 ($0.26) per share, with a total value of £20,000 ($25,933.61). 24.59% of the stock is currently owned by corporate insiders.

About Tullow Oil

(Get Free Report)

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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