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

Tullow Oil plc (LON:TLW) insider Roald Goethe purchased 150,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of GBX 14 ($0.18) per share, with a total value of £21,000 ($27,068.83).

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

• On Wednesday, March 26th, Roald Goethe acquired 100,000 shares of Tullow Oil stock. The shares were acquired at an average price of GBX 17 ($0.22) per share, for a total transaction of £17,000 ($21,912.86).

Tullow Oil Stock Down 9.0 %

TLW stock opened at GBX 14.72 ($0.19) on Monday. The stock has a market cap of £272.20 million, a PE ratio of 17.39, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The firm’s 50-day simple moving average is GBX 16.32 and its 200 day simple moving average is GBX 20.51. Tullow Oil plc has a fifty-two week low of GBX 12.86 ($0.17) and a fifty-two week high of GBX 40.32 ($0.52). 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.

Wall Street Analyst Weigh In

TLW has been the subject of several recent research reports. Canaccord Genuity Group lowered 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 report on Thursday, February 20th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research report on Tuesday, April 1st.

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.