Tullow Oil (LON:TLW) Given New GBX 15 Price Target at Canaccord Genuity Group

Tullow Oil (LON:TLW) had its target price lifted by Canaccord Genuity Group from GBX 14 to GBX 15 in a report released on Friday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a hold rating on the stock.

TLW has been the topic of several other reports. Shore Capital Group restated a “hold” rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Peel Hunt reiterated a “buy” rating and set a GBX 24 target price on shares of Tullow Oil in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Tullow Oil presently has a consensus rating of “Reduce” and a consensus price target of GBX 12.60.

Tullow Oil Stock Up 1.7%

TLW opened at GBX 14.76 on Friday. The stock has a market cap of £223.62 million, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of -0.19 and a beta of 0.51. The company has a debt-to-equity ratio of -892.65, a quick ratio of 0.63 and a current ratio of 0.52. The firm’s fifty day moving average is GBX 13.61 and its 200 day moving average is GBX 12.90. Tullow Oil has a fifty-two week low of GBX 3.51 and a fifty-two week high of GBX 19.50.

Insiders Place Their Bets

In related news, insider Richard Miller purchased 115,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of GBX 17 per share, for a total transaction of £19,550. Also, insider Garrett Soden acquired 426,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of GBX 15 per share, with a total value of £63,900. Insiders own 3.00% of the company’s stock.

About Tullow Oil

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.