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

Shares of Tullow Oil plc (LON:TLW) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 16.50 ($0.21) and last traded at GBX 16.79 ($0.21), with a volume of 6271808 shares traded. The stock had previously closed at GBX 17.14 ($0.22).

Analyst Ratings Changes

TLW has been the topic of a number of research analyst reports. Shore Capital reissued a “not rated” rating on shares of Tullow Oil in a research report on Tuesday, February 4th. Canaccord Genuity Group cut their price objective on shares of Tullow Oil from GBX 35 ($0.44) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research report on Thursday.

Tullow Oil Stock Up 0.1 %

The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market cap of £301.87 million, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The stock’s fifty day moving average is GBX 20.46 and its two-hundred day moving average is GBX 22.91.

Insider Buying and Selling

In other news, insider Roald Goethe acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,268.48). 24.59% of the stock is currently owned by company 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.