Tullow Oil (LON:TLW) Earns Buy Rating from Shore Capital

Tullow Oil (LON:TLW)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research note issued on Tuesday, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group lowered their price objective on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research report on Thursday, February 20th.

Tullow Oil Stock Up 0.6 %

TLW stock opened at GBX 16.30 ($0.21) on Tuesday. The company’s 50 day moving average is GBX 16.55 and its 200 day moving average is GBX 20.62. The stock has a market cap of £301.50 million, a price-to-earnings ratio of 19.26, a price-to-earnings-growth 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 -1,776.31. Tullow Oil has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52).

Insider Activity

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average price of GBX 17 ($0.22) per share, with a total value of £17,000 ($22,075.06). Corporate insiders own 24.59% of the company’s stock.

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.