Key Points
- Insider buying: Tullow Oil insider Richard Miller bought 115,000 shares on May 22 at an average price of GBX 17, for a total of £19,550.
- Stock moved lower: Despite the purchase, Tullow Oil shares were down 4.4% and opened at GBX 16.44, near the lower end of their recent trading range.
- Analyst sentiment remains weak: Analysts currently rate the stock a consensus "Reduce", with a median price target of GBX 13.85 and a mix of Hold and Sell ratings.
Tullow Oil plc (LON:TLW - Get Free Report) insider Richard Miller purchased 115,000 shares of Tullow Oil stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of GBX 17 per share, with a total value of £19,550.
Tullow Oil Stock Down 4.4%
Shares of LON:TLW opened at GBX 16.44 on Wednesday. The company has a debt-to-equity ratio of -892.65, a quick ratio of 0.63 and a current ratio of 0.52. The company has a market cap of £242.49 million, a PE ratio of 41.10, a price-to-earnings-growth ratio of -0.19 and a beta of 0.43. Tullow Oil plc has a 52 week low of GBX 3.51 and a 52 week high of GBX 21.50. The firm has a 50 day simple moving average of GBX 13.82 and a 200 day simple moving average of GBX 10.
Wall Street Analyst Weigh In
TLW has been the subject of several research analyst reports. Canaccord Genuity Group upped their price target on shares of Tullow Oil from GBX 13 to GBX 14 and gave the company a "hold" rating in a research report on Wednesday, April 29th. Shore Capital Group reiterated a "hold" rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of GBX 13.85.
View Our Latest Research Report on Tullow Oil
Tullow Oil Company Profile
(
Get Free Report)
Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow's operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).
For further information, please refer to: www.tullowoil.com.
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