Insider Buying: Tullow Oil plc (LON:TLW) Insider Acquires £21,000 in Stock

Tullow Oil plc (LON:TLW) insider Roald Goethe bought 150,000 shares of the stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of GBX 14 ($0.18) per share, with a total value of £21,000 ($27,068.83).

Roald Goethe also recently made the following trade(s):

• On Wednesday, March 26th, Roald Goethe purchased 100,000 shares of Tullow Oil stock. The stock was acquired at an average cost of GBX 17 ($0.22) per share, with a total value of £17,000 ($21,912.86).

Tullow Oil Stock Performance

Shares of Tullow Oil stock opened at GBX 14.72 ($0.19) on Monday. The firm has a market cap of £272.20 million, a PE ratio of 17.39, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. Tullow Oil plc has a 1 year low of GBX 12.86 ($0.17) and a 1 year high of GBX 40.32 ($0.52). The firm’s 50-day simple moving average is GBX 16.32 and its 200-day simple moving average is GBX 20.51. The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TLW shares. Canaccord Genuity Group dropped their price objective on Tullow Oil from GBX 35 ($0.45) to GBX 25 ($0.32) and set a “speculative buy” rating on the stock in a report on Thursday, February 20th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research note on Tuesday, April 1st.

About Tullow Oil

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.