Tullow Oil (LON:TLW) Reaches New 1-Year Low - Here's What Happened

Tullow Oil plc (LON:TLW - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 13.74 ($0.18) and last traded at GBX 14.16 ($0.18), with a volume of 7898785 shares. The stock had previously closed at GBX 14.18 ($0.18).

Analysts Set New Price Targets

TLW has been the subject of several analyst reports. Canaccord Genuity Group reduced their price objective 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. Shore Capital reiterated a "not rated" rating on shares of Tullow Oil in a research note on Tuesday, February 4th.

Tullow Oil Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. The firm has a market cap of £253.83 million, a PE ratio of 16.21, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The stock has a 50 day simple moving average of GBX 19.34 and a 200-day simple moving average of GBX 21.92.

Insiders Place Their Bets

In related news, insider Roald Goethe acquired 100,000 shares of the company's stock in a transaction on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.26) per share, with a total value of £20,000 ($25,853.15). 24.59% of the stock is currently owned by company insiders.

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.

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