Tullow Oil plc (LON:TLW) Insider Acquires £21,000 in Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe acquired 150,000 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($27,089.78).

Roald Goethe also recently made the following trade(s):

• On Wednesday, March 26th, Roald Goethe purchased 100,000 shares of Tullow Oil stock. The shares were purchased at an average cost of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,929.82).

Tullow Oil Stock Performance

LON TLW opened at GBX 14.72 ($0.19) on Friday. Tullow Oil plc has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52). The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The business has a 50 day moving average price of GBX 16.32 and a 200 day moving average price of GBX 20.55. The company has a market capitalization of £272.20 million, a P/E ratio of 17.39, a PEG ratio of -0.19 and a beta of 2.08.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TLW shares. Canaccord Genuity Group cut their target price on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating for the company in a research note on Thursday, February 20th. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a report on Tuesday.

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.