Tullow Oil (LON:TLW) Trading Up 6.6% – Should You Buy?

Shares of Tullow Oil plc (LON:TLW) were up 6.6% during mid-day trading on Tuesday . The stock traded as high as GBX 21.46 ($0.27) and last traded at GBX 21.33 ($0.27). Approximately 5,220,506 shares traded hands during trading, an increase of 10% from the average daily volume of 4,726,858 shares. The stock had previously closed at GBX 20 ($0.25).

Tullow Oil Stock Performance

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 company has a market capitalization of £317.86 million, a PE ratio of -450.33, a P/E/G ratio of -0.19 and a beta of 2.08. The stock has a 50-day simple moving average of GBX 22.18 and a 200 day simple moving average of GBX 25.66.

Insider Transactions at Tullow Oil

In other Tullow Oil news, insider Roald Goethe purchased 100,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £20,000 ($25,025.03). Corporate insiders own 24.59% of the company’s stock.

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.