Tullow Oil (LON:TLW) Sets New 12-Month Low – Should You Sell?

Shares of Tullow Oil plc (LON:TLW) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 15.60 ($0.20) and last traded at GBX 16.24 ($0.21), with a volume of 5673790 shares changing hands. The stock had previously closed at GBX 16.05 ($0.20).

Analyst Ratings Changes

TLW has been the topic of several research reports. 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 Tullow Oil from GBX 35 ($0.44) to GBX 25 ($0.32) and set a “speculative buy” rating for the company in a report on Thursday, February 20th.

Tullow Oil Price Performance

The company has a market capitalization of £300.39 million, a PE ratio of 19.19, a PEG ratio of -0.19 and a beta of 2.08. 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. The firm has a 50-day moving average of GBX 20.01 and a 200 day moving average of GBX 22.56.

Insider Buying and Selling at Tullow Oil

In related news, insider Roald Goethe acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,364.62). Company 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.