Tullow Oil (LON:TLW) Stock Price Up 6.6% – Should You Buy?

Tullow Oil plc (LON:TLWGet Free Report) shares were up 6.6% during trading on Tuesday . The stock traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). Approximately 5,220,506 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 4,726,858 shares. The stock had previously closed at GBX 20 ($0.25).

Tullow Oil Stock Up 1.4 %

The firm’s 50-day moving average is GBX 22.18 and its 200 day moving average is GBX 25.66. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market capitalization of £317.42 million, a P/E ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08.

Insider Activity

In related news, insider Roald Goethe purchased 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,025.03). 24.59% of the stock is owned by insiders.

About Tullow Oil

(Get Free Report)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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