Shore Capital Reaffirms Buy Rating for Tullow Oil (LON:TLW)

Tullow Oil (LON:TLW)‘s stock had its “buy” rating reissued by Shore Capital in a report issued on Friday,London Stock Exchange reports.

Separately, Canaccord Genuity Group decreased their target price on shares of 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.

Tullow Oil Price Performance

Shares of TLW traded down GBX 0.29 ($0.00) during mid-day trading on Friday, hitting GBX 13.87 ($0.18). The company’s stock had a trading volume of 8,162,021 shares, compared to its average volume of 10,616,493. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. Tullow Oil has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52). The firm has a market capitalization of £256.55 million, a P/E ratio of 16.39, a P/E/G ratio of -0.19 and a beta of 2.08. The firm has a 50-day simple moving average of GBX 17.83 and a 200 day simple moving average of GBX 21.14.

Insider Transactions at Tullow Oil

In other news, insider Roald Goethe purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.26) per share, with a total value of £20,000 ($25,933.61). Corporate insiders own 24.59% of the company’s stock.

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.