Tullow Oil (LON:TLW) Given New GBX 25 Price Target at Canaccord Genuity Group

Tullow Oil (LON:TLW) had its price objective decreased by analysts at Canaccord Genuity Group from GBX 35 ($0.44) to GBX 25 ($0.31) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 53.37% from the stock’s previous close.

Separately, Shore Capital restated a “not rated” rating on shares of Tullow Oil in a research note on Tuesday, February 4th.

Tullow Oil Stock Performance

Shares of TLW traded down GBX 0.49 ($0.01) during trading hours on Thursday, reaching GBX 16.30 ($0.21). 5,304,231 shares of the company traded hands, compared to its average volume of 7,362,681. Tullow Oil has a 1-year low of GBX 16.04 ($0.20) and a 1-year high of GBX 40.32 ($0.51). 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. The stock has a market cap of £301.50 million, a P/E ratio of 19.26, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The stock’s fifty day moving average is GBX 20.65 and its 200 day moving average is GBX 22.95.

Insiders Place Their Bets

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,166.73). Corporate insiders own 24.59% of the company’s stock.

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.