Tullow Oil (LON:TLW) Given “Not Rated” Rating at Shore Capital

Shore Capital restated their not rated rating on shares of Tullow Oil (LON:TLW) in a research report report published on Tuesday, MarketBeat.com reports.

Separately, Canaccord Genuity Group cut their target price on shares of Tullow Oil from GBX 41 ($0.51) to GBX 35 ($0.44) and set a “speculative buy” rating for the company in a research report on Friday, January 31st.

Tullow Oil Trading Up 5.8 %

Shares of TLW stock opened at GBX 18.75 ($0.23) on Tuesday. The stock has a market cap of £273.75 million, a P/E ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 457.18. Tullow Oil has a fifty-two week low of GBX 17.07 ($0.21) and a fifty-two week high of GBX 40.32 ($0.50). The business has a fifty day simple moving average of GBX 21.68 and a 200-day simple moving average of GBX 24.03.

Insider Transactions at Tullow Oil

In related news, insider Roald Goethe acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,962.56). Insiders own 24.59% of the company’s stock.

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.