Tullow Oil (LON:TLW) Insider Acquires £63,900 in Stock

Tullow Oil plc (LON:TLW) insider Garrett Soden purchased 426,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of GBX 15 per share, with a total value of £63,900.

Tullow Oil Trading Up 1.5%

Shares of TLW opened at GBX 13.50 on Tuesday. The stock has a fifty day moving average of GBX 14.54 and a two-hundred day moving average of GBX 10.73. The company has a debt-to-equity ratio of -892.65, a quick ratio of 0.63 and a current ratio of 0.52. The company has a market capitalization of £204.59 million, a PE ratio of 33.76, a price-to-earnings-growth ratio of -0.19 and a beta of 0.44. Tullow Oil plc has a fifty-two week low of GBX 3.51 and a fifty-two week high of GBX 21.50.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TLW. Shore Capital Group reiterated a “hold” rating on shares of Tullow Oil in a report on Tuesday, April 28th. Canaccord Genuity Group boosted their price target on Tullow Oil from GBX 13 to GBX 14 and gave the company a “hold” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of GBX 13.85.

Tullow Oil Company Profile

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow’s operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.