Key Points
- PetroTal insider Gavin Hugh Lothian Wilson purchased 199,000 shares at GBX 28 each, for a total of £55,720. He also bought 400,000 shares in two earlier August transactions, bringing his recent purchases to 599,000 shares.
- PetroTal shares opened at GBX 28.60 and were up 2.1%; the company has a market capitalization of approximately £263.21 million and a one-year trading range of GBX 17.15 to GBX 39.80.
- Analysts maintain a consensus “Buy” rating with an average price target of GBX 74, substantially above the reported share price.
PetroTal Corp. (LON:PTAL - Get Free Report) insider Gavin Hugh Lothian Wilson bought 199,000 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was purchased 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 acquired 200,000 shares of PetroTal stock. The stock was purchased at an average cost of GBX 26 per share, with a total value of £52,000.
- On Friday, August 14th, Gavin Hugh Lothian Wilson acquired 200,000 shares of PetroTal stock. The stock was acquired at an average price of GBX 26 per share, with a total value of £52,000.
PetroTal Stock Up 2.1%
Shares of LON PTAL opened at GBX 28.60 on Thursday. The company has a 50 day simple moving average of GBX 25.89 and a 200 day simple moving average of GBX 27.07. The company has a debt-to-equity ratio of 13.90, a current ratio of 3.10 and a quick ratio of 1.83. PetroTal Corp. has a 1 year low of GBX 17.15 and a 1 year high of GBX 39.80. The firm has a market cap of £263.21 million, a PE ratio of 7.15 and a beta of 0.16.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus reiterated a "buy" rating and set a GBX 74 price target 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 MarketBeat, PetroTal currently has a consensus rating of "Buy" and an average price target of GBX 74.
Read Our Latest Analysis 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
