Tullow Oil plc (LON:TLW) Insider Roald Goethe Purchases 159,396 Shares of Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe purchased 159,396 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of GBX 23 ($0.30) per share, for a total transaction of £36,661.08 ($47,941.78).

Roald Goethe also recently made the following trade(s):

• On Thursday, August 15th, Roald Goethe acquired 300,000 shares of Tullow Oil stock. The shares were purchased at an average price of GBX 27 ($0.35) per share, for a total transaction of £81,000 ($105,923.89).

Tullow Oil Stock Up 1.8 %

Shares of LON TLW opened at GBX 23.10 ($0.30) on Friday. Tullow Oil plc has a 1 year low of GBX 22.12 ($0.29) and a 1 year high of GBX 40.32 ($0.53). The firm has a 50-day simple moving average of GBX 28.32 and a two-hundred day simple moving average of GBX 31.72. The company has a market cap of £337.26 million, a P/E 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 current ratio of 0.70 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their target price on shares of Tullow Oil from GBX 30 ($0.39) to GBX 25 ($0.33) and set an “underperform” rating for the company in a report on Friday, July 5th.

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.