Tullow Oil plc (LON:TLW) Insider Acquires £17,000 in Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 100,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average price of GBX 17 ($0.22) per share, with a total value of £17,000 ($22,003.62).

Tullow Oil Trading Up 3.4 %

TLW opened at GBX 17.20 ($0.22) on Friday. Tullow Oil plc has a twelve month low of GBX 12.86 ($0.17) and a twelve month high of GBX 40.32 ($0.52). The company has a fifty day moving average of GBX 16.93 and a 200-day moving average of GBX 20.80. The stock has a market cap of £318.15 million, a PE ratio of 20.32, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating for the company in a research report on Thursday, February 20th. Shore Capital reaffirmed a “buy” rating on shares of Tullow Oil in a report on Friday, March 21st.

About Tullow Oil

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.