Tullow Oil (LON:TLW) Given Buy Rating at Shore Capital

Shore Capital restated their buy rating on shares of Tullow Oil (LON:TLW) in a research note published on Tuesday morning, MarketBeat reports.

Separately, Canaccord Genuity Group decreased their price objective on Tullow Oil from GBX 35 ($0.46) to GBX 25 ($0.33) and set a “speculative buy” rating for the company in a report on Thursday, February 20th.

Tullow Oil Stock Down 0.7 %

Shares of LON TLW opened at GBX 16.18 ($0.21) on Tuesday. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. Tullow Oil has a 1 year low of GBX 12.86 ($0.17) and a 1 year high of GBX 40.32 ($0.53). The stock has a market capitalization of £299.28 million, a P/E ratio of 19.12, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a 50-day moving average price of GBX 16.45 and a 200-day moving average price of GBX 20.59.

Insiders Place Their Bets

In related news, insider Roald Goethe purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of GBX 17 ($0.22) per share, with a total value of £17,000 ($22,274.63). 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.