Tullow Oil plc (LON:TLW) Insider Buys £17,000 in Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 100,000 shares of the stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average price of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,887.47).

Tullow Oil Trading Down 0.5 %

Shares of TLW opened at GBX 17.03 ($0.22) on Thursday. The firm has a market capitalization of £315.06 million, a price-to-earnings ratio of 20.13, 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. Tullow Oil plc has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52). The company has a 50-day moving average of GBX 17.17 and a 200 day moving average of GBX 20.85.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Canaccord Genuity Group dropped their target price on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating for the company in a research report on Thursday, February 20th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a report on Friday, March 21st.

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.