Tullow Oil (LON:TLW) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened
by Scott Moore · The Cerbat GemTullow Oil plc (LON:TLW – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9.95 and traded as high as GBX 17.26. Tullow Oil shares last traded at GBX 17.15, with a volume of 8,124,767 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on TLW shares. Shore Capital Group reissued a “hold” rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Canaccord Genuity Group boosted 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. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of GBX 13.85.
Tullow Oil Stock Down 4.4%
The business’s fifty day moving average price is GBX 13.82 and its 200 day moving average price is GBX 10. 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 firm has a market capitalization of £231.71 million, a PE ratio of 39.27, a PEG ratio of -0.19 and a beta of 0.43.
Insider Activity at Tullow Oil
In other Tullow Oil news, insider Richard Miller bought 115,000 shares of Tullow Oil stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 17 per share, with a total value of £19,550. Insiders own 1.33% 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. 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.