Tullow Oil plc (LON:TLW) insider Angus McCoss sold 8,690 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of GBX 230 ($3.01), for a total value of £19,987 ($26,116.56).
LON TLW opened at GBX 232.90 ($3.04) on Friday. Tullow Oil plc has a twelve month low of GBX 163.30 ($2.13) and a twelve month high of GBX 279.30 ($3.65). The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 160.08. The stock has a market cap of $3.25 billion and a price-to-earnings ratio of 39.47.
The business also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 1.7%. Tullow Oil’s dividend payout ratio (DPR) is currently 1.36%.
Several equities analysts have recently issued reports on TLW shares. Morgan Stanley reduced their target price on Tullow Oil from GBX 355 ($4.64) to GBX 265 ($3.46) and set an “overweight” rating for the company in a report on Tuesday, January 15th. UBS Group reissued a “neutral” rating on shares of Tullow Oil in a report on Friday, January 11th. Barclays raised Tullow Oil to an “overweight” rating and increased their price objective for the company from GBX 225 ($2.94) to GBX 310 ($4.05) in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price target on Tullow Oil from GBX 278 ($3.63) to GBX 292 ($3.82) and gave the stock an “overweight” rating in a report on Tuesday, November 20th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Tullow Oil in a report on Monday, November 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 263.13 ($3.44).
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About Tullow Oil
Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
Further Reading: Systematic Risk and Investors
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