PetroTal (LON:PTAL) Insider Buys 199,000 Shares

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson acquired 199,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of GBX 28 per share, with a total value of £55,720.

Gavin Hugh Lothian Wilson also recently made the following trade(s):

• On Monday, August 17th, Gavin Hugh Lothian Wilson purchased 200,000 shares of PetroTal stock. The shares were bought at an average cost of GBX 26 per share, with a total value of £52,000.
• On Friday, August 14th, Gavin Hugh Lothian Wilson purchased 200,000 shares of PetroTal stock. The stock was bought at an average price of GBX 26 per share, with a total value of £52,000.

PetroTal Stock Down 2.4%

Shares of PetroTal stock traded down GBX 0.67 on Wednesday, reaching GBX 27.33. 248,667 shares of the company were exchanged, compared to its average volume of 897,157. The company has a market capitalization of £251.55 million, a price-to-earnings ratio of 6.83 and a beta of 0.16. The company has a current ratio of 3.10, a quick ratio of 1.83 and a debt-to-equity ratio of 13.90. PetroTal Corp. has a one year low of GBX 17.15 and a one year high of GBX 39.80. The company has a 50-day moving average of GBX 25.87 and a 200 day moving average of GBX 27.02.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reiterated a “buy” rating and set a GBX 74 price target on shares of PetroTal in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock 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.