Shore Capital Reiterates “Not Rated” Rating for Tullow Oil (LON:TLW)

Shore Capital reiterated their not rated rating on shares of Tullow Oil (LON:TLW) in a report released on Tuesday morning, MarketBeat reports.

Separately, Canaccord Genuity Group dropped their price objective on shares of Tullow Oil from GBX 41 ($0.51) to GBX 35 ($0.44) and set a “speculative buy” rating for the company in a research note on Friday, January 31st.

Tullow Oil Stock Performance

Shares of TLW stock opened at GBX 18.55 ($0.23) on Tuesday. The company has a market capitalization of £270.83 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70. Tullow Oil has a 52 week low of GBX 17 ($0.21) and a 52 week high of GBX 40.32 ($0.50). The company has a 50-day simple moving average of GBX 21.52 and a 200 day simple moving average of GBX 23.84.

Insider Buying and Selling at Tullow Oil

In related news, insider Roald Goethe purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was purchased at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,872.53). 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.