Key Points
- PetroTal insider Gavin Hugh Lothian Wilson bought 240,000 shares on May 7 at an average price of GBX 30 each, totaling £72,000.
- The stock last traded at GBX 31.20, above both its 50-day and 200-day moving averages, while trading between a 1-year low of GBX 17.15 and a 1-year high of GBX 40.
- Stifel Nicolaus reiterated a buy rating on PetroTal and set a GBX 74 price target, well above the current share price.
PetroTal Corp. (LON:PTAL - Get Free Report) insider Gavin Hugh Lothian Wilson purchased 240,000 shares of the business's stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of GBX 30 per share, with a total value of £72,000.
PetroTal Stock Performance
Shares of PetroTal stock opened at GBX 31.20 on Friday. The company has a 50 day moving average of GBX 27.44 and a 200-day moving average of GBX 25.04. PetroTal Corp. has a 1-year low of GBX 17.15 and a 1-year high of GBX 40. The company has a current ratio of 2.33, a quick ratio of 1.83 and a debt-to-equity ratio of 18.02. The company has a market cap of £287.14 million, a PE ratio of 6.24 and a beta of 0.12.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus reiterated a "buy" rating and set a GBX 74 price objective on shares of PetroTal in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 74.
Check Out Our Latest Report on PetroTal
PetroTal Company Profile
(
Get Free Report)
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.
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