Tullow Oil plc (LON:TLW) Insider Buys £17,000 in Stock

Tullow Oil plc (LON:TLW - Get Free Report) insider Roald Goethe bought 100,000 shares of Tullow Oil stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,980.86).

Tullow Oil Price Performance

Shares of LON TLW traded down GBX 1.01 ($0.01) during mid-day trading on Monday, reaching GBX 15.98 ($0.21). The company had a trading volume of 7,689,806 shares, compared to its average volume of 10,650,255. The company has a 50-day moving average price of GBX 16.93 and a two-hundred day moving average price of GBX 20.77. The stock has a market cap of £295.58 million, a PE ratio of 18.88, a P/E/G 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. Tullow Oil plc has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Tullow Oil in a report on Friday, March 21st. Canaccord Genuity Group cut their price objective on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a "speculative buy" rating on the stock in a research note on Thursday, February 20th.

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.