Garrett Soden Buys 426,000 Shares of Tullow Oil (LON:TLW) Stock

Tullow Oil plc (LON:TLW) insider Garrett Soden bought 426,000 shares of Tullow Oil stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of GBX 15 per share, for a total transaction of £63,900.

Tullow Oil Price Performance

TLW stock opened at GBX 13.50 on Tuesday. Tullow Oil plc has a 1 year low of GBX 3.51 and a 1 year high of GBX 21.50. 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 stock’s 50 day moving average price is GBX 14.54 and its 200 day moving average price is GBX 10.73. The firm has a market cap of £204.59 million, a P/E ratio of 33.76, a PEG ratio of -0.19 and a beta of 0.44.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TLW. Shore Capital Group reaffirmed a “hold” rating on shares of Tullow Oil in a research note on Tuesday, April 28th. Canaccord Genuity Group upped their target price on Tullow Oil from GBX 13 to GBX 14 and gave the company a “hold” rating in a research note 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 stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price 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.