Tullow Oil (LON:TLW) Trading Down 6% – Should You Sell?

Tullow Oil plc (LON:TLW) was down 6% during mid-day trading on Monday . The stock traded as low as GBX 13.28 and last traded at GBX 13.46. Approximately 10,601,402 shares changed hands during trading, a decline of 42% from the average daily volume of 18,377,045 shares. The stock had previously closed at GBX 14.32.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Shore Capital Group restated a “hold” rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Canaccord Genuity Group raised their target price on shares of Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tullow Oil presently has an average rating of “Reduce” and a consensus price target of GBX 13.85.

Tullow Oil Trading Up 3.6%

The company has a quick ratio of 0.63, a current ratio of 0.52 and a debt-to-equity ratio of -892.65. The firm’s 50 day simple moving average is GBX 14.02 and its 200-day simple moving average is GBX 12.23. The company has a market capitalization of £212.88 million, a PE ratio of 35.13, a P/E/G ratio of -0.19 and a beta of 0.47.

Insider Buying and Selling at Tullow Oil

In other Tullow Oil news, insider Richard Miller purchased 115,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of GBX 17 per share, with a total value of £19,550. Also, insider Garrett Soden purchased 426,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of GBX 15 per share, with a total value of £63,900. Insiders own 3.00% of the company’s stock.

About Tullow Oil

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.