Insider Buying: PetroTal (LON:PTAL) Insider Buys £52,000 in Stock

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson acquired 200,000 shares of PetroTal stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of GBX 26 per share, with a total value of £52,000.

PetroTal Stock Up 1.2%

PetroTal stock traded up GBX 0.31 during mid-day trading on Monday, hitting GBX 26.84. 485,337 shares of the company’s stock were exchanged, compared to its average volume of 911,295. The company has a current ratio of 3.10, a quick ratio of 1.83 and a debt-to-equity ratio of 13.90. The stock has a market cap of £247.06 million, a P/E ratio of 6.71 and a beta of 0.16. PetroTal Corp. has a 1-year low of GBX 17.15 and a 1-year high of GBX 39.80. The stock has a 50 day moving average of GBX 26.17 and a two-hundred day moving average of GBX 26.73.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a “buy” rating and set a GBX 74 price target on shares of PetroTal in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.