PetroTal (LON:PTAL) Insider Acquires £28,480 in Stock

PetroTal Corp. (LON:PTAL) insider Felipe Arbelaez acquired 89,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of GBX 32 per share, for a total transaction of £28,480.

PetroTal Trading Down 1.3%

Shares of PTAL opened at GBX 31.58 on Tuesday. The stock’s fifty day simple moving average is GBX 27.86 and its 200-day simple moving average is GBX 25.03. The firm has a market capitalization of £290.59 million, a PE ratio of 6.32 and a beta of 0.12. PetroTal Corp. has a 12-month low of GBX 17.15 and a 12-month high of GBX 40. The company has a quick ratio of 1.83, a current ratio of 2.33 and a debt-to-equity ratio of 18.02.

Wall Street Analysts Forecast Growth

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

About PetroTal

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.