Gavin Hugh Lothian Wilson Purchases 199,000 Shares of PetroTal (LON:PTAL) Stock

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson bought 199,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of GBX 28 per share, for a total transaction 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 price of GBX 26 per share, with a total value of £52,000.
• On Friday, August 14th, Gavin Hugh Lothian Wilson acquired 200,000 shares of PetroTal stock. The shares were purchased at an average cost of GBX 26 per share, for a total transaction of £52,000.

PetroTal Stock Down 2.4%

Shares of LON PTAL traded down GBX 0.67 during trading on Wednesday, hitting GBX 27.33. The stock had a trading volume of 248,667 shares, compared to its average volume of 897,157. The firm has a fifty day moving average of GBX 25.87 and a two-hundred day moving average of GBX 27.02. The company has a market capitalization of £251.55 million, a PE ratio of 6.83 and a beta of 0.16. The company has a debt-to-equity ratio of 13.90, a current ratio of 3.10 and a quick ratio of 1.83. PetroTal Corp. has a 12 month low of GBX 17.15 and a 12 month high of GBX 39.80.

Analyst Ratings Changes

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