Shore Capital Reaffirms Not Rated Rating for Tullow Oil (LON:TLW)

Tullow Oil (LON:TLW - Get Free Report)'s stock had its "not rated" rating reiterated by investment analysts at Shore Capital in a report released on Tuesday, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group cut their price objective on shares of Tullow Oil from GBX 41 ($0.51) to GBX 35 ($0.43) and set a "speculative buy" rating for the company in a report on Friday, January 31st.

Tullow Oil Stock Performance

Shares of TLW stock traded down GBX 0.77 ($0.01) on Tuesday, hitting GBX 17.78 ($0.22). 4,447,143 shares of the stock were exchanged, compared to its average volume of 8,213,548. The firm has a market capitalization of £259.59 million, a PE ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. Tullow Oil has a one year low of GBX 17 ($0.21) and a one year high of GBX 40.32 ($0.50). The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. The firm's 50 day moving average is GBX 21.41 and its two-hundred day moving average is GBX 23.76.

Insider Transactions at Tullow Oil

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,807.74). 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.