Key Points
- Insider buying: PetroTal insider Felipe Arbelaez bought 89,000 shares on May 11 at an average price of GBX 32 each, for a total of £28,480.
- Stock snapshot: PetroTal shares opened at GBX 32, giving the company a market cap of about £294.5 million. The stock trades at a P/E of 6.40 and has ranged from GBX 17.15 to GBX 40 over the past year.
- Analyst view: Stifel Nicolaus reaffirmed a Buy rating and set a GBX 74 price target, matching the current consensus analyst target for the stock.
PetroTal Corp. (LON:PTAL - Get Free Report) insider Felipe Arbelaez purchased 89,000 shares of the company's stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of GBX 32 per share, with a total value of £28,480.
PetroTal Stock Performance
Shares of LON PTAL opened at GBX 32 on Wednesday. The stock has a market cap of £294.50 million, a price-to-earnings ratio of 6.40 and a beta of 0.12. The company has a current ratio of 2.33, a quick ratio of 1.83 and a debt-to-equity ratio of 18.02. PetroTal Corp. has a 1-year low of GBX 17.15 and a 1-year high of GBX 40. The stock's 50-day moving average is GBX 28.07 and its 200 day moving average is GBX 25.03.
Analyst Ratings Changes
Separately, Stifel Nicolaus reaffirmed 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, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target 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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