Tullow Oil (LON:TLW) Shares Up 6.6% – Should You Buy?

Tullow Oil plc (LON:TLW)’s share price traded up 6.6% during mid-day trading on Tuesday . The stock traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). 5,220,506 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 4,726,858 shares. The stock had previously closed at GBX 20 ($0.25).

Tullow Oil Stock Performance

The company has a fifty day moving average of GBX 22.33 and a 200 day moving average of GBX 25.82. The company has a debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market cap of £311.42 million, a P/E ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08.

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £20,000 ($25,094.10). 24.59% of the stock is owned by corporate insiders.

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.