Tullow Oil (LON:TLW) Hits New 12-Month Low on Analyst Downgrade

Tullow Oil plc (LON:TLW) reached a new 52-week low during trading on Friday after Canaccord Genuity Group lowered their price target on the stock from GBX 41 to GBX 35. Canaccord Genuity Group currently has a speculative buy rating on the stock. Tullow Oil traded as low as GBX 18 ($0.22) and last traded at GBX 18 ($0.22), with a volume of 10692599 shares. The stock had previously closed at GBX 19.01 ($0.24).

Insiders Place Their Bets

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of Tullow Oil stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,786.22). Insiders own 24.59% of the company’s stock.

Tullow Oil Price Performance

The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market capitalization of £262.80 million, a PE ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The business’s 50-day moving average price is GBX 21.89 and its 200 day moving average price is GBX 24.28.

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.