Insider Buying: PetroTal (LON:PTAL) Insider Acquires £55,720 in Stock

PetroTal Corp. (LON:PTAL) insider Gavin Hugh Lothian Wilson acquired 199,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of GBX 28 per share, with a total value of £55,720.

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

• On Monday, August 17th, Gavin Hugh Lothian Wilson bought 200,000 shares of PetroTal stock. The shares were acquired at an average cost of GBX 26 per share, for a total transaction of £52,000.
• On Friday, August 14th, Gavin Hugh Lothian Wilson bought 200,000 shares of PetroTal stock. The shares were bought at an average price of GBX 26 per share, for a total transaction of £52,000.

PetroTal Price Performance

LON PTAL opened at GBX 28 on Friday. PetroTal Corp. has a fifty-two week low of GBX 17.15 and a fifty-two week high of GBX 38. The stock’s 50-day moving average is GBX 25.92 and its two-hundred day moving average is GBX 27.12. The firm has a market cap of £257.69 million, a P/E ratio of 7.00 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.

Analyst Upgrades and Downgrades

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