Tullow Oil (LON:TLW) Trading 6.6% Higher – Still a Buy?

Tullow Oil plc (LON:TLWGet Free Report) rose 6.6% during mid-day trading on Tuesday . The company traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). 5,220,506 shares were traded 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 Trading Up 6.6 %

The business’s 50-day simple moving average is GBX 22.33 and its 200-day simple moving average is GBX 25.82. The company has a market cap of £311.42 million, a PE ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18.

Insider Transactions at Tullow Oil

In other Tullow Oil news, insider Roald Goethe bought 100,000 shares of the stock in a transaction on Tuesday, December 24th. The stock was purchased 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 insiders.

Tullow Oil Company Profile

(Get Free Report)

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.

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