Tullow Oil (LON:TLW) Sets New 1-Year Low – Should You Sell?

Tullow Oil plc (LON:TLW)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 13.74 ($0.18) and last traded at GBX 14.16 ($0.18), with a volume of 7898785 shares trading hands. The stock had previously closed at GBX 14.18 ($0.18).

Analysts Set New Price Targets

Several research analysts have recently issued reports on TLW shares. Shore Capital restated a “not rated” rating on shares of Tullow Oil in a research note on Tuesday, February 4th. Canaccord Genuity Group decreased 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 note on Thursday, February 20th.

Tullow Oil Stock Performance

The company has a market capitalization of £261.90 million, a PE ratio of 16.73, a PEG ratio of -0.19 and a beta of 2.08. The firm has a 50-day moving average of GBX 19.66 and a two-hundred day moving average of GBX 22.21. 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.

Insider Transactions at Tullow Oil

In other Tullow Oil news, insider Roald Goethe bought 100,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average cost of GBX 20 ($0.26) per share, with a total value of £20,000 ($25,585.26). Corporate insiders own 24.59% of the company’s stock.

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.