Tullow Oil plc (LON:TLW - Get Free Report) shares were up 14.1% on Wednesday . The company traded as high as GBX 17.52 ($0.23) and last traded at GBX 17.20 ($0.22). Approximately 175,336,875 shares were traded 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).
Analyst Ratings Changes
Several analysts have issued reports on the company. Canaccord Genuity Group cut their target price 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 "buy" rating on shares of Tullow Oil in a research report on Friday, March 21st.
Check Out Our Latest Stock Analysis on Tullow Oil
Tullow Oil Stock Performance
The business's fifty day moving average is GBX 16.93 and its two-hundred day moving average is GBX 20.78. 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 company has a market capitalization of £318.15 million, a PE ratio of 20.32, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.
Insider Buying and Selling
In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were bought 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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