Tullow Oil (LON:TLW) Stock Price Up 11.4% - Still a Buy?

Tullow Oil plc (LON:TLW - Get Free Report)'s stock price shot up 11.4% during mid-day trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.36 ($0.30). 62,154,777 shares traded hands during mid-day trading, an increase of 82% from the average session volume of 34,082,031 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Stock Performance

The stock has a market capitalization of £345.29 million, a P/E ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The stock's 50-day simple moving average is GBX 22.11 and its 200 day simple moving average is GBX 25.62. The company has a debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63.

Insider Activity

In other news, insider Roald Goethe acquired 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). Corporate insiders own 24.59% of the company's stock.

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.