Tullow Oil (LON:TLW) Stock Price Up 17.2% - What's Next?

Shares of Tullow Oil plc (LON:TLW - Get Free Report) were up 17.2% during trading on Friday . The company traded as high as GBX 14.58 ($0.19) and last traded at GBX 14.06 ($0.19). Approximately 179,569,344 shares changed hands during trading, an increase of 1,293% from the average daily volume of 12,889,608 shares. The stock had previously closed at GBX 12 ($0.16).

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TLW shares. Canaccord Genuity Group reduced their price objective on Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a "speculative buy" rating for the company in a report on Thursday, February 20th. Shore Capital restated a "buy" rating on shares of Tullow Oil in a report on Tuesday, April 1st.

Tullow Oil Trading Down 1.7 %

The company has a market capitalization of £251.93 million, a PE ratio of 16.09, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31. The firm's 50 day simple moving average is GBX 15.27 and its 200-day simple moving average is GBX 19.90.

Insider Activity

In related news, insider Roald Goethe acquired 150,000 shares of Tullow Oil stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($27,796.16). Insiders own 24.59% of the company's stock.

Tullow Oil Company Profile

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.