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 released on Friday morning, Marketbeat.com reports.

Separately, Canaccord Genuity Group cut 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 Down 2.0 %

TLW opened at GBX 13.87 ($0.18) on Friday. The business has a 50-day moving average of GBX 17.65 and a 200-day moving average of GBX 21.09. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. Tullow Oil has a fifty-two week low of GBX 12.86 ($0.17) and a fifty-two week high of GBX 40.32 ($0.52). The company has a market capitalization of £256.55 million, a PE ratio of 16.39, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Transactions at Tullow Oil

In other news, insider Roald Goethe bought 100,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of GBX 20 ($0.26) per share, for a total transaction of £20,000 ($25,823.11). 24.59% of the stock is currently owned by corporate 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.