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Tullow Oil ( (GB:TLW) ) has shared an announcement.
Tullow Oil announced a transaction involving the purchase of 100,000 ordinary shares by Roald Goethe, a Non-Executive Director, at a price of £0.168 per share, totaling £16,800. This transaction, conducted on the London Stock Exchange, reflects insider confidence in the company’s market position and potential growth, potentially influencing stakeholder perceptions and market dynamics.
The most recent analyst rating on (GB:TLW) stock is a Sell with a £18.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.
Spark’s Take on GB:TLW Stock
According to Spark, TipRanks’ AI Analyst, GB:TLW is a Outperform.
Tullow Oil’s high score is driven by positive corporate events, including strategic asset divestments and license extensions, which enhance its financial position. Technical indicators show favorable mid-term momentum but caution is advised due to financial leverage. The undervalued P/E ratio also supports a positive outlook.
To see Spark’s full report on GB:TLW stock, click here.
More about Tullow Oil
Tullow Oil plc is a prominent player in the oil and gas industry, primarily focusing on the exploration and production of oil. The company operates globally, with a significant presence in Africa and South America, and is known for its strategic investments and partnerships in the energy sector.
Average Trading Volume: 6,927,025
Technical Sentiment Signal: Sell
Current Market Cap: £239.4M
See more insights into TLW stock on TipRanks’ Stock Analysis page.