Tullow Oil (LON:TLW) Hits New 1-Year Low at $24.34

Tullow Oil plc (LON:TLW) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 24.34 ($0.32) and last traded at GBX 24.60 ($0.32), with a volume of 8676441 shares traded. The stock had previously closed at GBX 26.40 ($0.35).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their target price on shares of Tullow Oil from GBX 30 ($0.39) to GBX 25 ($0.33) and set an “underperform” rating on the stock in a report on Friday, July 5th.

Tullow Oil Stock Down 1.6 %

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. The firm’s 50 day simple moving average is GBX 29.38 and its 200-day simple moving average is GBX 32. The stock has a market capitalization of £351.57 million, a price-to-earnings ratio of -450.33, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Insider Buying and Selling at Tullow Oil

In other Tullow Oil news, insider Roald Goethe purchased 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of GBX 27 ($0.36) per share, for a total transaction of £81,000 ($106,508.88). Company insiders own 23.49% of the company’s stock.

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.