Tullow Oil (LON:TLW) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Tullow Oil (LON:TLW) in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

Separately, Canaccord Genuity Group lowered their price objective on 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.

Tullow Oil Stock Up 1.4 %

Shares of Tullow Oil stock opened at GBX 16.20 ($0.21) on Tuesday. Tullow Oil has a 52-week low of GBX 12.86 ($0.17) and a 52-week high of GBX 40.32 ($0.52). The firm’s 50 day moving average price is GBX 16.65 and its 200-day moving average price is GBX 20.67. 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. The company has a market cap of £299.65 million, a P/E ratio of 19.14, a PEG ratio of -0.19 and a beta of 2.08.

Insider Buying and Selling

In other news, insider Roald Goethe purchased 100,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was bought at an average price of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,978.02). 24.59% of the stock is owned by company insiders.

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.