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

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 100,000 shares of the firm’s stock in a transaction on 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 ($22,009.32).

Tullow Oil Stock Performance

Shares of TLW opened at GBX 16.77 ($0.22) on Friday. The firm has a market capitalization of £310.20 million, a PE ratio of 19.81, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31. The firm has a 50-day moving average price of GBX 17.05 and a 200 day moving average price of GBX 20.82. Tullow Oil plc has a 52-week low of GBX 12.86 ($0.17) and a 52-week high of GBX 40.32 ($0.52).

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a research report on Friday, March 21st. Canaccord Genuity Group reduced their price target 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.

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.