Canaccord Genuity Group Has Lowered Expectations for Tullow Oil (LON:TLW) Stock Price

Tullow Oil (LON:TLW - Free Report) had its price objective decreased by Canaccord Genuity Group from GBX 41 ($0.51) to GBX 35 ($0.44) in a research note issued to investors on Friday morning, Marketbeat reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Tullow Oil Stock Performance

TLW traded up GBX 1.03 ($0.01) on Friday, hitting GBX 18.75 ($0.23). The company's stock had a trading volume of 6,258,953 shares, compared to its average volume of 8,733,294. The company's 50 day simple moving average is GBX 21.68 and its 200-day simple moving average is GBX 24.03. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 457.18. Tullow Oil has a 12 month low of GBX 17.07 ($0.21) and a 12 month high of GBX 40.32 ($0.50). The firm has a market cap of £273.75 million, a P/E ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Transactions at Tullow Oil

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the stock in a transaction on Tuesday, December 24th. The stock was acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,881.81). 24.59% of the stock is owned by insiders.

About Tullow Oil

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.