Tullow Oil (LON:TLW) Shares Down 1.8% – Here’s What Happened

Tullow Oil plc (LON:TLW)’s share price was down 1.8% during trading on Thursday . The stock traded as low as GBX 15.32 and last traded at GBX 15.40. Approximately 1,508,078 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 20,062,477 shares. The stock had previously closed at GBX 15.68.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TLW shares. Shore Capital Group reiterated a “hold” rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Canaccord Genuity Group increased their target price on Tullow Oil from GBX 13 to GBX 14 and gave the company a “hold” rating in a research 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. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of GBX 13.85.

Tullow Oil Trading Down 1.4%

The company has a market cap of £228.11 million, a price-to-earnings ratio of 38.66, a PEG ratio of -0.19 and a beta of 0.43. The firm has a 50 day moving average price of GBX 14.14 and a two-hundred day moving average price of GBX 10.28. The company has a quick ratio of 0.63, a current ratio of 0.52 and a debt-to-equity ratio of -892.65.

Insider Buying and Selling at Tullow Oil

In related news, insider Richard Miller purchased 115,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of GBX 17 per share, with a total value of £19,550. Insiders own 1.33% 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. 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.