Roald Goethe Buys 100,000 Shares of Tullow Oil plc (LON:TLW) Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 100,000 shares of Tullow Oil stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of GBX 17 ($0.22) per share, with a total value of £17,000 ($22,003.62).

Tullow Oil Stock Up 3.4 %

Shares of TLW opened at GBX 17.20 ($0.22) on Friday. 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 plc has a 12 month low of GBX 12.86 ($0.17) and a 12 month high of GBX 40.32 ($0.52). The firm’s 50 day moving average is GBX 16.93 and its 200-day moving average is GBX 20.80. The stock has a market capitalization of £318.15 million, a PE ratio of 20.32, a P/E/G ratio of -0.19 and a beta of 2.08.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research report on Friday, March 21st. Canaccord Genuity Group reduced their target price on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating for the company in a research report on Thursday, February 20th.

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.