Tullow Oil (LON:TLW) Earns Buy Rating from Shore Capital

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

Separately, Canaccord Genuity Group cut their price objective 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 research note on Thursday, February 20th.

Tullow Oil Stock Down 2.0 %

LON:TLW opened at GBX 13.87 ($0.18) on Friday. The firm has a market capitalization of £256.55 million, a P/E ratio of 16.39, a PEG ratio of -0.19 and a beta of 2.08. Tullow Oil has a 1-year low of GBX 12.86 ($0.17) and a 1-year high of GBX 40.32 ($0.52). The company’s fifty day moving average price is GBX 17.65 and its 200-day moving average price is GBX 21.03. 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.

Insider Activity at Tullow Oil

In other news, insider Roald Goethe purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average price of GBX 20 ($0.26) per share, for a total transaction of £20,000 ($25,826.45). 24.59% of the stock is owned by company insiders.

Tullow Oil Company Profile

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.