Tullow Oil's (TLW) Buy Rating Reiterated at Shore Capital

Tullow Oil (LON:TLW - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Shore Capital in a research report issued on Friday, Marketbeat.com reports.

Separately, Canaccord Genuity Group cut their target price on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a "speculative buy" rating for the company in a research note on Thursday, February 20th.

Tullow Oil Trading Up 0.9 %

Tullow Oil stock traded up GBX 0.13 ($0.00) during trading on Friday, reaching GBX 14 ($0.18). 11,148,085 shares of the company were exchanged, compared to its average volume of 10,637,806. The stock's 50 day simple moving average is GBX 17.65 and its two-hundred day simple moving average is GBX 21.03. The company has a market capitalization of £258.96 million, a P/E ratio of 16.54, a PEG ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. Tullow Oil has a 52-week low of GBX 12.86 ($0.17) and a 52-week high of GBX 40.32 ($0.52).

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of GBX 20 ($0.26) per share, for a total transaction of £20,000 ($25,826.45). Company insiders own 24.59% of the company's stock.

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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.