Tullow Oil (LON:TLW) Sets New 52-Week Low – What’s Next?

Tullow Oil plc (LON:TLW)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 11.04 ($0.14) and last traded at GBX 13.68 ($0.17), with a volume of 13634706 shares traded. The stock had previously closed at GBX 13.60 ($0.17).

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a research report on Tuesday, April 1st. Canaccord Genuity Group lowered their target price on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a report on Thursday, February 20th.

Tullow Oil Stock Performance

The stock has a market capitalization of £253.04 million, a P/E ratio of 16.16, a PEG 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 -1,776.31. The company has a 50-day moving average price of GBX 16.18 and a two-hundred day moving average price of GBX 20.44.

Insider Buying and Selling

In other Tullow Oil news, insider Roald Goethe acquired 150,000 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($26,731.16). 24.59% of the stock is currently owned by 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.