Tullow Oil’s (TLW) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Tullow Oil (LON:TLW) in a report released on Friday morning, Marketbeat reports.

Separately, Canaccord Genuity Group decreased their target price on shares of Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating for the company in a research report on Thursday, February 20th.

Tullow Oil Trading Down 2.0 %

LON:TLW opened at GBX 13.87 ($0.18) on Friday. Tullow Oil has a 52 week low of GBX 12.86 ($0.17) and a 52 week high of GBX 40.32 ($0.52). The firm has a 50 day moving average of GBX 17.65 and a 200 day moving average of GBX 21.03. 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 stock has a market capitalization of £256.55 million, a price-to-earnings ratio of 16.39, a PEG ratio of -0.19 and a beta of 2.08.

Insider Activity at Tullow Oil

In related news, insider Roald Goethe purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.26) per share, with a total value of £20,000 ($25,826.45). 24.59% of the stock is currently owned by corporate 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.