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

Tullow Oil (LON:TLW)‘s stock had its “not rated” rating reiterated by stock analysts at Shore Capital in a research note issued to investors on Tuesday,London Stock Exchange reports.

Separately, Canaccord Genuity Group decreased their price target on Tullow Oil from GBX 41 ($0.51) to GBX 35 ($0.44) and set a “speculative buy” rating on the stock in a research note on Friday.

Tullow Oil Stock Performance

TLW traded up GBX 1.03 ($0.01) during midday trading on Tuesday, reaching GBX 18.75 ($0.23). The company’s stock had a trading volume of 6,258,953 shares, compared to its average volume of 8,733,294. The company has a fifty day simple moving average of GBX 21.68 and a 200 day simple moving average of GBX 24.03. The stock has a market cap of £273.75 million, a P/E ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. Tullow Oil has a twelve month low of GBX 17.07 ($0.21) and a twelve month high of GBX 40.32 ($0.50).

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe acquired 100,000 shares of Tullow Oil stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,881.81). 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.