Tullow Oil (LON:TLW) Given New GBX 35 Price Target at Canaccord Genuity Group

Tullow Oil (LON:TLW) had its price target reduced by Canaccord Genuity Group from GBX 41 ($0.51) to GBX 35 ($0.43) in a report issued on Friday, Marketbeat reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Tullow Oil Price Performance

LON:TLW opened at GBX 18 ($0.22) on Friday. The firm has a market capitalization of £262.80 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. 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 business has a 50 day simple moving average of GBX 21.89 and a 200-day simple moving average of GBX 24.28. Tullow Oil has a 1 year low of GBX 18 ($0.22) and a 1 year high of GBX 40.32 ($0.50).

Insiders Place Their Bets

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of Tullow Oil stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($24,786.22). 24.59% of the stock is owned by insiders.

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.