Stocks

Tullow Oil (LON:TLW) Stock Price Rises by 6.6% – What Lies Ahead?

Published January 3, 2025

Tullow Oil plc (LON:TLW) saw its stock price increase by 6.6% during trading on Tuesday. The shares reached a high of GBX 21.46 ($0.27) and closed at GBX 21.33 ($0.27). The trading session recorded a volume of 5,220,506 shares, which is a 10% rise compared to the average volume of 4,726,858 shares. The previous close was at GBX 20 ($0.25).

Analyzing Tullow Oil Stock Metrics

Tullow Oil holds a quick ratio of 0.63 and a current ratio of 0.70, with a notably high debt-to-equity ratio of 457.18. Currently, the company boasts a market capitalization of £320.03 million, and its price-to-earnings (P/E) ratio stands at -450.33. Furthermore, the P/E growth (P/E/G) ratio is -0.19, and the stock has a beta value of 2.08. The 50-day moving average price for Tullow Oil is GBX 22.18, while the 200-day moving average price is GBX 25.66.

Insider Transactions at Tullow Oil

In recent insider trading news, Roald Goethe, an insider at Tullow Oil, purchased 100,000 shares on December 24th for an average price of GBX 20 ($0.25) per share, resulting in a total transaction value of £20,000 ($25,025.03). Corporate insiders currently own 24.59% of Tullow Oil’s stock.

Company Overview

Tullow Oil plc is engaged in the exploration, development, and production of oil and gas, primarily across regions in Africa, Europe, and South America. Founded in 1985 and headquartered in London, UK, the company focuses on bringing energy resources to markets.

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