Tullow Oil (LON:TLW) Sets New 1-Year Low Following Analyst Downgrade

Tullow Oil plc (LON:TLW - Get Free Report) shares reached a new 52-week low on Friday after Canaccord Genuity Group lowered their price target on the stock from GBX 41 to GBX 35. Canaccord Genuity Group currently has a speculative buy rating on the stock. Tullow Oil traded as low as GBX 18 ($0.22) and last traded at GBX 18 ($0.22), with a volume of 10692599 shares traded. The stock had previously closed at GBX 19.01 ($0.24).

Insider Activity

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 bought at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,962.56). Company insiders own 24.59% of the company's stock.

Tullow Oil Price Performance

The firm has a market cap of £273.75 million, a price-to-earnings ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70. The company's fifty day moving average is GBX 21.68 and its two-hundred day moving average is GBX 24.03.

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.