Insider Buying: Tullow Oil plc (LON:TLW) Insider Buys 150,000 Shares of Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 150,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($27,079.30).

Roald Goethe also recently made the following trade(s):

• On Wednesday, March 26th, Roald Goethe purchased 100,000 shares of Tullow Oil stock. The stock was bought at an average cost of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,921.34).

Tullow Oil Price Performance

LON TLW opened at GBX 14.72 ($0.19) on Friday. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market capitalization of £272.20 million, a price-to-earnings ratio of 17.39, a PEG ratio of -0.19 and a beta of 2.08. The stock has a 50-day moving average of GBX 16.32 and a 200 day moving average of GBX 20.53. Tullow Oil plc has a one year low of GBX 12.86 ($0.17) and a one year high of GBX 40.32 ($0.52).

Analyst Ratings Changes

TLW has been the topic of several research reports. Canaccord Genuity Group dropped their price target on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research report on Thursday, February 20th. Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a research note on Tuesday, April 1st.

Tullow Oil Company Profile

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.