Tullow Oil (LON:TLW) Given Buy Rating at Peel Hunt

Tullow Oil (LON:TLW)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 24 price target on the stock. Peel Hunt’s price target would indicate a potential upside of 69.25% from the stock’s current price.

Several other research firms also recently weighed in 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 boosted their target price on Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of GBX 15.88.

Tullow Oil Price Performance

Tullow Oil stock traded down GBX 1.14 during mid-day trading on Wednesday, reaching GBX 14.18. The company had a trading volume of 15,141,700 shares, compared to its average volume of 18,056,477. The stock’s 50-day simple moving average is GBX 13.82 and its 200-day simple moving average is GBX 12.53. Tullow Oil has a 1 year low of GBX 3.51 and a 1 year high of GBX 19.50. The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. The company has a market capitalization of £214.83 million, a P/E ratio of 35.45, a P/E/G ratio of -0.19 and a beta of 0.47.

Insider Activity

In other Tullow Oil news, insider Richard Miller bought 115,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of GBX 17 per share, for a total transaction of £19,550. Also, insider Garrett Soden bought 426,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were acquired at an average price of GBX 15 per share, with a total value of £63,900. Company insiders own 3.00% of the company’s stock.

About Tullow Oil

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

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