Shares of Tullow Oil plc (LON:TLW – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 21.36 ($0.29) and last traded at GBX 21.38 ($0.29), with a volume of 10984448 shares traded. The stock had previously closed at GBX 22.50 ($0.30).
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group cut their target price on shares of Tullow Oil from GBX 30 ($0.40) to GBX 25 ($0.33) and set an “underperform” rating for the company in a research note on Friday, July 5th.
Get Our Latest Stock Report on Tullow Oil
Tullow Oil Stock Performance
Insider Activity
In other Tullow Oil news, insider Roald Goethe purchased 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of GBX 27 ($0.36) per share, with a total value of £81,000 ($108,462.77). Corporate insiders own 24.59% of the company’s stock.
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.
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