Tullow Oil (LON:TLW) Given Not Rated Rating at Shore Capital

Tullow Oil (LON:TLW)‘s stock had its “not rated” rating reaffirmed by stock analysts at Shore Capital in a research report issued to clients and investors on Tuesday,London Stock Exchange reports.

Separately, Canaccord Genuity Group lowered their target price on Tullow Oil from GBX 41 ($0.51) to GBX 35 ($0.44) and set a “speculative buy” rating on the stock in a research note on Friday.

Tullow Oil Stock Performance

LON:TLW traded up GBX 1.03 ($0.01) during midday trading on Tuesday, hitting GBX 18.75 ($0.23). The company’s stock had a trading volume of 6,258,953 shares, compared to its average volume of 8,733,294. The company has a debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63. Tullow Oil has a fifty-two week low of GBX 17.07 ($0.21) and a fifty-two week high of GBX 40.32 ($0.50). The firm’s 50 day moving average is GBX 21.68 and its 200-day moving average is GBX 24.03. The firm has a market cap of £273.75 million, a P/E ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08.

Insider Activity at Tullow Oil

In related news, insider Roald Goethe bought 100,000 shares of the stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,881.81). 24.59% of the stock is currently owned by insiders.

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.