Canaccord Genuity Group Cuts Tullow Oil (LON:TLW) Price Target to GBX 25

Tullow Oil (LON:TLW) had its target price lowered by Canaccord Genuity Group from GBX 35 ($0.44) to GBX 25 ($0.32) in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a speculative buy rating on the stock.

Separately, Shore Capital restated a “not rated” rating on shares of Tullow Oil in a research report on Tuesday, February 4th.

Tullow Oil Trading Up 0.1 %

Shares of TLW stock opened at GBX 16.32 ($0.21) on Thursday. Tullow Oil has a fifty-two week low of GBX 15.62 ($0.20) and a fifty-two week high of GBX 40.32 ($0.51). The stock has a market cap of £301.87 million, a P/E ratio of 19.28, a P/E/G ratio of -0.19 and a beta of 2.08. The business has a fifty day simple moving average of GBX 20.32 and a 200-day simple moving average of GBX 22.86. 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.

Insider Activity at Tullow Oil

In related news, insider Roald Goethe acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,268.48). 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.