Tullow Oil (LON:TLW) Hits New 12-Month Low – What’s Next?

Tullow Oil plc (LON:TLW) shares reached a new 52-week low on Thursday . The company traded as low as GBX 15.60 ($0.20) and last traded at GBX 16.24 ($0.21), with a volume of 5673790 shares trading hands. The stock had previously closed at GBX 16.05 ($0.20).

Analyst Ratings Changes

A number of research analysts have recently commented on TLW shares. Shore Capital restated a “not rated” rating on shares of Tullow Oil in a research report on Tuesday, February 4th. Canaccord Genuity Group dropped their target price on Tullow Oil from GBX 35 ($0.44) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a research report on Thursday, February 20th.

Tullow Oil Price Performance

The stock’s 50 day moving average price is GBX 20.01 and its two-hundred day moving average price is GBX 22.56. 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. The stock has a market cap of £300.39 million, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Buying and Selling

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,364.62). 24.59% of the stock is currently owned by company insiders.

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.