Gavin Hugh Lothian Wilson Buys 200,000 Shares of PetroTal (LON:PTAL) Stock

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

PetroTal Trading Up 1.2%

Shares of LON PTAL traded up GBX 0.31 during mid-day trading on Monday, hitting GBX 26.84. 485,337 shares of the company traded hands, compared to its average volume of 911,295. PetroTal Corp. has a 1 year low of GBX 17.15 and a 1 year high of GBX 39.80. The stock has a market capitalization of £247.06 million, a price-to-earnings ratio of 6.71 and a beta of 0.16. The company has a quick ratio of 1.83, a current ratio of 3.10 and a debt-to-equity ratio of 13.90. The business has a 50 day moving average of GBX 26.17 and a two-hundred day moving average of GBX 26.73.

Wall Street Analyst Weigh In

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