Tullow Oil (LON:TLW) Hits New 12-Month Low – Time to Sell?

Tullow Oil plc (LON:TLW)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 13.74 ($0.18) and last traded at GBX 14.16 ($0.18), with a volume of 7898785 shares traded. The stock had previously closed at GBX 14.18 ($0.18).

Analysts Set New Price Targets

TLW has been the subject of a number of recent research reports. Canaccord Genuity Group dropped their price objective on shares of 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 reiterated a “not rated” rating on shares of Tullow Oil in a research report on Tuesday, February 4th.

Tullow Oil Price Performance

The company’s 50-day moving average is GBX 19.66 and its 200-day moving average is GBX 22.21. The firm has a market capitalization of £261.90 million, a price-to-earnings ratio of 16.73, a PEG ratio of -0.19 and a beta of 2.08. 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.

Insider Buying and Selling at Tullow Oil

In related news, insider Roald Goethe purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.26) per share, for a total transaction of £20,000 ($25,585.26). 24.59% of the stock is owned by company insiders.

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.