PetroTal (LON:PTAL) Insider Gavin Hugh Lothian Wilson Purchases 240,000 Shares

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson purchased 240,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of GBX 30 per share, with a total value of £72,000.

PetroTal Stock Performance

PetroTal stock opened at GBX 30.27 on Friday. The firm has a 50 day simple moving average of GBX 27.44 and a 200-day simple moving average of GBX 25.04. PetroTal Corp. has a 1-year low of GBX 17.15 and a 1-year high of GBX 40. The company has a debt-to-equity ratio of 19.17, a current ratio of 2.21 and a quick ratio of 1.83. The stock has a market cap of £278.58 million, a price-to-earnings ratio of 6.05 and a beta of 0.12.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reissued a “buy” rating and issued a GBX 74 price target on shares of PetroTal in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 74.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company’s management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field.