Tullow Oil (LON:TLW) Trading Up 11.8% – Still a Buy?

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

Tullow Oil Stock Up 8.2 %

The firm’s 50-day moving average price is GBX 22.11 and its 200 day moving average price is GBX 25.62. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 457.18. The company has a market capitalization of £345.29 million, a price-to-earnings ratio of -450.33, a PEG ratio of -0.19 and a beta of 2.08.

Insider Activity at Tullow Oil

In other Tullow Oil news, insider Roald Goethe acquired 100,000 shares of Tullow Oil stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired 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 currently owned by insiders.

Tullow Oil Company Profile

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.