Tullow Oil (LON:TLW) Stock Price Rises 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 high of GBX 21.46 ($0.27) before finishing at GBX 21.33 ($0.27). In total, 5,220,506 shares were traded, which is an increase of 10% compared to the average volume of 4,726,858 shares. This uptick follows a previous closing price of GBX 20 ($0.25).

Current Financial Ratios

The financial health of Tullow Oil can be assessed through various ratios. The quick ratio stands at 0.63, indicating a moderate ability to meet short-term obligations. The current ratio, which measures the ability to pay off current liabilities with current assets, is 0.70. The debt-to-equity ratio is significantly high at 457.18, highlighting the level of leveraged financing the company employs. Additionally, Tullow Oil has a market capitalization of £320.03 million, a P/E ratio of -450.33, and a P/E/G ratio of -0.19, with a beta of 2.08. The company’s 50-day moving average price is GBX 22.18, while its 200-day moving average price is GBX 25.66.

Insider Activity in Tullow Oil

In recent company news, insider Roald Goethe purchased 100,000 shares of Tullow Oil stock on December 24th. The acquisition occurred at an average price of GBX 20 ($0.25) per share, amounting to a total investment of £20,000 ($25,025.03). Currently, corporate insiders hold 24.59% of the company's stock.

About Tullow Oil

Tullow Oil plc specializes in oil and gas exploration, development, and production, primarily focusing on regions in Africa, Europe, and South America. The company was established in 1985 and is headquartered in London, United Kingdom.

Related Topics

• Five stocks we like better than Tullow Oil
• Potential of High Dividend REITs
• Top Cybersecurity Stocks to Watch
• Understanding P/E Ratio Calculations
• Tech Giants with Upgraded Price Targets
• Investing in 5G Technologies
• Retail Stocks with Promising Growth

Stay Informed on Tullow Oil - Enter your email for a daily summary of the latest news and analyst ratings related to Tullow Oil and peer companies.

Tullow, Oil, Stocks