Insider Buying: Tullow Oil plc (LON:TLW) Insider Purchases £17,000 in Stock

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

Tullow Oil Stock Performance

Shares of Tullow Oil stock opened at GBX 17.20 ($0.22) on Friday. The stock has a market capitalization of £318.15 million, a price-to-earnings ratio of 20.32, a PEG ratio of -0.19 and a beta of 2.08. The firm’s fifty day simple moving average is GBX 16.93 and its 200-day simple moving average is GBX 20.78. 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. 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).

Analyst Ratings Changes

Several equities research analysts recently commented on TLW shares. Canaccord Genuity Group cut their price target on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research note on Thursday, February 20th. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a report on Friday, March 21st.

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.