Felipe Arbelaez Buys 89,000 Shares of PetroTal (LON:PTAL) Stock

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

PetroTal Trading Down 1.3%

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

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a “buy” rating and set 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, PetroTal currently has a consensus 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.