Tullow Oil plc (LON:TLW – Get 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%
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
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.
See Also
- Five stocks we like better than Tullow Oil
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
- AMD’s Post-Earnings Drop May Be the Opportunity Investors Wanted
- 3 Stocks That Prove the AI Trade Isn’t Over, It Moved
Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.
