Insider Selling: Tullow Oil plc (LON:TLW) Insider Sells 197,059 Shares of Stock

Tullow Oil plc (LON:TLW) insider Aidan Heavey sold 197,059 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of GBX 192 ($2.60), for a total value of £378,353.28 ($513,090.97).

Tullow Oil plc (LON TLW) traded up GBX 4.50 ($0.06) during midday trading on Friday, hitting GBX 234.30 ($3.18). The stock had a trading volume of 14,935,023 shares, compared to its average volume of 9,610,000. Tullow Oil plc has a 12 month low of GBX 142.30 ($1.93) and a 12 month high of GBX 281.63 ($3.82). The firm has a market capitalization of $3,240.00 and a PE ratio of -377.90.

TLW has been the topic of several analyst reports. Barclays reiterated an “overweight” rating and issued a GBX 210 ($2.85) target price on shares of Tullow Oil in a research note on Friday, December 15th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 205 ($2.78) target price on shares of Tullow Oil in a research note on Friday, November 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 245 ($3.32) target price on shares of Tullow Oil in a research note on Thursday, November 9th. Jefferies Group lifted their target price on Tullow Oil from GBX 155 ($2.10) to GBX 175 ($2.37) and gave the company an “underperform” rating in a research note on Thursday, November 9th. Finally, Whitman Howard reiterated a “buy” rating on shares of Tullow Oil in a research note on Friday, November 17th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Tullow Oil has an average rating of “Buy” and an average target price of GBX 223.27 ($3.03).

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About Tullow Oil

Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.

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