Tullow Oil (LON:TLW) Sets New 1-Year Low – What’s Next?

Tullow Oil plc (LON:TLW) hit a new 52-week low on Thursday . The stock traded as low as GBX 15.60 ($0.20) and last traded at GBX 16.24 ($0.20), with a volume of 5673790 shares changing hands. The stock had previously closed at GBX 16.05 ($0.20).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Shore Capital reissued a “not rated” rating on shares of Tullow Oil in a report on Tuesday, February 4th. Canaccord Genuity Group lowered their target price on Tullow Oil from GBX 35 ($0.44) to GBX 25 ($0.31) and set a “speculative buy” rating for the company in a report on Thursday, February 20th.

Tullow Oil Price Performance

The business has a 50-day simple moving average of GBX 19.83 and a 200 day simple moving average of GBX 22.47. The stock has a market cap of £280.23 million, a P/E ratio of 17.90, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. 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.

Insider Buying and Selling at Tullow Oil

In related news, insider Roald Goethe purchased 100,000 shares of Tullow Oil stock in a transaction on Tuesday, December 24th. The shares were purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,154.07). 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.