Tullow Oil plc (LON:TLW) Insider Roald Goethe Purchases 150,000 Shares

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 150,000 shares of Tullow Oil stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average cost of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($27,869.94).

Roald Goethe also recently made the following trade(s):

• On Friday, April 4th, Roald Goethe purchased 150,000 shares of Tullow Oil stock. The stock was bought at an average price of GBX 14 ($0.19) per share, for a total transaction of £21,000 ($27,869.94).
• On Wednesday, March 26th, Roald Goethe bought 100,000 shares of Tullow Oil stock. The stock was bought at an average price of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,561.38).

Tullow Oil Stock Up 2.3 %

Tullow Oil stock opened at GBX 13.18 ($0.17) on Thursday. The company has a market capitalization of £243.79 million, a PE ratio of 15.57, a PEG ratio of -0.19 and a beta of 2.08. Tullow Oil plc has a 12-month low of GBX 11 ($0.15) and a 12-month high of GBX 40.32 ($0.54). The firm’s fifty day moving average is GBX 14.70 and its 200 day moving average is GBX 19.51. 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.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a “speculative buy” rating on the stock in a report on Thursday, February 20th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research report on Tuesday, April 1st.

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.