Tullow Oil (LON:TLW) Reaches New 12-Month Low - What's Next?

Tullow Oil plc (LON:TLW - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 15.60 ($0.20) and last traded at GBX 16.24 ($0.21), with a volume of 5673790 shares. The stock had previously closed at GBX 16.05 ($0.20).

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group decreased their price target on Tullow Oil from GBX 35 ($0.44) to GBX 25 ($0.32) and set a "speculative buy" rating for the company in a report on Thursday, February 20th. Shore Capital reaffirmed a "not rated" rating on shares of Tullow Oil in a report on Tuesday, February 4th.

Tullow Oil Trading Up 5.1 %

The company has a fifty day moving average of GBX 19.76 and a two-hundred day moving average of GBX 22.31. The stock has a market capitalization of £294.66 million, a price-to-earnings ratio of 18.82, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31.

Insiders Place Their Bets

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the business's stock in a transaction on 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 ($25,416.19). 24.59% of the stock is currently owned by company 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.