Shares of Tullow Oil plc (LON:TLW - Get Free Report) were up 18.5% on Thursday . The stock traded as high as GBX 14.47 ($0.19) and last traded at GBX 14.22 ($0.19). Approximately 66,848,008 shares changed hands during mid-day trading, an increase of 491% from the average daily volume of 11,301,983 shares. The stock had previously closed at GBX 12 ($0.16).
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on TLW. Shore Capital restated a "buy" rating on shares of Tullow Oil in a research note on Tuesday, April 1st. Canaccord Genuity Group decreased their target price on shares of Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a "speculative buy" rating for the company in a research report on Thursday, February 20th.
View Our Latest Stock Report on Tullow Oil
Tullow Oil Price Performance
The stock has a market capitalization of £256.37 million, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. 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 stock has a 50-day simple moving average of GBX 15.37 and a 200 day simple moving average of GBX 19.96.
Insider Activity at Tullow Oil
In other Tullow Oil news, insider Roald Goethe acquired 150,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($27,689.87). Insiders own 24.59% of the company's stock.
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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