Tullow Oil (LON:TLW) Stock Price Down 6.7% – Time to Sell?

Tullow Oil plc (LON:TLWGet Free Report)’s stock price dropped 6.7% on Wednesday . The stock traded as low as GBX 13.90 and last traded at GBX 14.30. Approximately 75,828,180 shares were traded during trading, an increase of 311% from the average session volume of 18,461,053 shares. The stock had previously closed at GBX 15.32.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TLW shares. Peel Hunt restated a “buy” rating and set a GBX 24 price objective on shares of Tullow Oil in a research report on Wednesday. Canaccord Genuity Group lifted their price target on shares of Tullow Oil from GBX 13 to GBX 14 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Finally, Shore Capital Group reissued a “hold” rating on shares of Tullow Oil in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of GBX 15.88.

Get Our Latest Research Report on Tullow Oil

Tullow Oil Trading Down 6.7%

The stock has a market cap of £216.65 million, a P/E ratio of 35.75, a PEG ratio of -0.19 and a beta of 0.47. The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. The business’s 50 day simple moving average is GBX 13.82 and its 200 day simple moving average is GBX 12.53.

Insider Buying and Selling

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

About Tullow Oil

(Get Free Report)

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.

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