Tullow Oil (LON:TLW) Stock Price Up 6.6% – What’s Next?

Tullow Oil plc (LON:TLW) saw its stock price increase by 6.6% during trading on Tuesday. The stock reached a peak of GBX 21.46 (approximately $0.27) and ended the session at GBX 21.33 (around $0.27). A total of 5,220,506 shares changed hands, marking a 10% rise over the average trading volume of 4,726,858 shares. This is an increase from the previous closing price of GBX 20 ($0.25).

Financial Metrics of Tullow Oil

The company's financial ratios include a quick ratio of 0.63, a current ratio of 0.70, and a substantial debt-to-equity ratio of 457.18. Tullow Oil has a market capitalization of £320.03 million, a negative P/E ratio of -450.33, and a P/E/G ratio of -0.19. Additionally, the stock has a beta of 2.08, indicating higher volatility compared to the broader market. The 50-day and 200-day moving averages for the stock stand at GBX 22.18 and GBX 25.66, respectively.

Insider Transactions

In other news, insider Roald Goethe purchased 100,000 shares of Tullow Oil on December 24, acquiring them at an average price of GBX 20 ($0.25) per share, totaling £20,000 (or approximately $25,025). Insiders currently hold about 24.59% of the company’s shares.

Overview of Tullow Oil

Tullow Oil plc is engaged in exploration, development, and production activities in the oil and gas sector, primarily across Africa, Europe, and South America. The company has its origins dating back to 1985 and is based in London, United Kingdom.

Tullow, Oil, Stock