Tullow Oil plc (LON:TLW – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 30.59 ($0.39) and traded as high as GBX 38.66 ($0.49). Tullow Oil shares last traded at GBX 37.80 ($0.48), with a volume of 2,728,695 shares.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating and issued a GBX 49 ($0.62) price objective on shares of Tullow Oil in a report on Tuesday, June 13th. Peel Hunt reissued a “buy” rating and issued a GBX 80 ($1.01) target price on shares of Tullow Oil in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 59 ($0.75).
Tullow Oil Stock Down 0.4 %
In other Tullow Oil news, insider Roald Goethe purchased 250,000 shares of Tullow Oil stock in a transaction that occurred on Monday, June 19th. The stock was acquired at an average price of GBX 27 ($0.34) per share, with a total value of £67,500 ($85,248.80). In related news, insider Roald Goethe purchased 250,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was acquired at an average price of GBX 27 ($0.34) per share, for a total transaction of £67,500 ($85,248.80). Also, insider Phuthuma F. Nhleko purchased 142,500 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average cost of GBX 28 ($0.35) per share, with a total value of £39,900 ($50,391.51). Corporate insiders own 21.96% 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 and South America. Tullow Oil plc was founded in 1985 and is headquartered in London, the United Kingdom.
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