Tullow Oil (LON:TLW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Tullow Oil plc (LON:TLW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 13.65 and traded as high as GBX 19.96. Tullow Oil shares last traded at GBX 19.96, with a volume of 13,941,414 shares.

Wall Street Analyst Weigh In

TLW has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a report on Friday, August 14th. Peel Hunt restated a “buy” rating and set a GBX 24 price target on shares of Tullow Oil in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of GBX 12.60.

Tullow Oil Price Performance

The business’s 50 day moving average price is GBX 14.60 and its 200-day moving average price is GBX 13.70. 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 company has a market cap of £309.97 million, a PE ratio of 51.15, a price-to-earnings-growth ratio of -0.19 and a beta of 0.51.

Insider Buying and Selling at Tullow Oil

In other Tullow Oil news, insider Garrett Soden acquired 426,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 15 per share, for a total transaction of £63,900. 3.00% of the stock is owned by corporate insiders.

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.