Tullow Oil (LON:TLW) Shares Up 9.1% - What's Next?

Tullow Oil plc (LON:TLW - Get Free Report)'s share price shot up 9.1% on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 23.85 ($0.30). 57,396,633 shares changed hands during trading, an increase of 81% from the average session volume of 31,702,961 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. The company has a 50-day moving average price of GBX 22.11 and a two-hundred day moving average price of GBX 25.62. The stock has a market capitalization of £345.29 million, a P/E ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe purchased 100,000 shares of the company'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). Insiders own 24.59% of the company's stock.

Tullow Oil Company Profile

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.