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

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson acquired 200,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of GBX 26 per share, with a total value of £52,000.

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

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

PetroTal Price Performance

Shares of PTAL opened at GBX 28 on Friday. The company has a market cap of £257.69 million, a price-to-earnings ratio of 7.00 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 company’s fifty day simple moving average is GBX 25.91 and its 200 day simple moving average is GBX 26.89. The company has a current ratio of 3.10, a quick ratio of 1.83 and a debt-to-equity ratio of 13.90.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 74 target price 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, the stock currently has an average rating of “Buy” and an average price target 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.