Tullow Oil (LON:TLW) Price Target Lowered to GBX 25 at Jefferies Financial Group

Tullow Oil (LON:TLW) had its price objective decreased by Jefferies Financial Group from GBX 30 ($0.38) to GBX 25 ($0.32) in a research note issued to investors on Friday, Digital Look reports. The brokerage currently has an “underperform” rating on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 22.11% from the company’s current price.

Tullow Oil Price Performance

Shares of TLW opened at GBX 32.10 ($0.41) on Friday. The business’s 50-day moving average is GBX 35.28 and its 200-day moving average is GBX 33.40. The company has a debt-to-equity ratio of 457.18, a current ratio of 1.04 and a quick ratio of 0.63. The company has a market capitalization of £468.62 million, a price-to-earnings ratio of -534.95, a P/E/G ratio of -0.19 and a beta of 2.06. Tullow Oil has a fifty-two week low of GBX 26.32 ($0.33) and a fifty-two week high of GBX 40.32 ($0.51).

Insider Buying and Selling at Tullow Oil

In related news, insider Roald Goethe purchased 71,535 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of GBX 37 ($0.47) per share, with a total value of £26,467.95 ($33,478.31). In other Tullow Oil news, insider Richard Miller purchased 54,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of GBX 36 ($0.46) per share, for a total transaction of £19,440 ($24,588.92). Also, insider Roald Goethe acquired 71,535 shares of Tullow Oil stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of GBX 37 ($0.47) per share, with a total value of £26,467.95 ($33,478.31). Company insiders own 23.49% of the company’s stock.

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.