Tullow Oil (LON:TLW) Shares Up 11.8% – What’s Next?

Shares of Tullow Oil plc (LON:TLWGet Free Report) were up 11.8% during mid-day trading on Friday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 24.45 ($0.30). Approximately 67,166,836 shares were traded during mid-day trading, an increase of 84% from the average daily volume of 36,588,063 shares. The stock had previously closed at GBX 21.86 ($0.27).

Tullow Oil Stock Performance

The stock has a market cap of £345.29 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08. The company has a debt-to-equity ratio of 457.18, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a fifty day moving average of GBX 22.11 and a 200 day moving average of GBX 25.62.

Insider Buying and Selling at Tullow Oil

In other news, insider Roald Goethe bought 100,000 shares of Tullow Oil stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of GBX 20 ($0.25) per share, with a total value of £20,000 ($24,844.72). 24.59% of the stock is owned by company 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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