Shares of Tullow Oil plc (LON:TLW - Get Free Report) were up 14.1% on Wednesday . The stock traded as high as GBX 17.52 ($0.23) and last traded at GBX 17.20 ($0.22). Approximately 175,336,875 shares changed hands during mid-day trading, an increase of 1,210% from the average daily volume of 13,385,377 shares. The stock had previously closed at GBX 15.07 ($0.19).
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on TLW. Canaccord Genuity Group reduced their price target on Tullow Oil from GBX 35 ($0.45) 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 "buy" rating on shares of Tullow Oil in a research report on Friday, March 21st.
View Our Latest Stock Report on TLW
Tullow Oil Trading Up 3.4 %
The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The business's 50 day moving average price is GBX 16.93 and its 200-day moving average price is GBX 20.77. The firm has a market cap of £318.15 million, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Buying and Selling at Tullow Oil
In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,980.86). 24.59% of the stock is currently owned by insiders.
Tullow Oil Company Profile
(
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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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