PetroTal (LON:PTAL) Stock Price Down 0.3% – Here’s What Happened

PetroTal Corp. (LON:PTALGet Free Report)’s share price traded down 0.3% during trading on Wednesday . The company traded as low as GBX 31 and last traded at GBX 31.90. 134,199 shares were traded during trading, a decline of 88% from the average session volume of 1,140,000 shares. The stock had previously closed at GBX 32.

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 research analyst has rated the stock with a Buy rating, According to MarketBeat, PetroTal presently has an average rating of “Buy” and a consensus price target of GBX 74.

View Our Latest Report on PTAL

PetroTal Price Performance

The company has a debt-to-equity ratio of 18.02, a current ratio of 2.33 and a quick ratio of 1.83. The stock has a market cap of £293.58 million, a price-to-earnings ratio of 6.38 and a beta of 0.12. The stock has a fifty day moving average of GBX 29.37 and a 200 day moving average of GBX 24.63.

Insider Buying and Selling

In related news, insider Felipe Arbelaez purchased 89,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of GBX 32 per share, with a total value of £28,480. Also, insider Gavin Hugh Lothian Wilson purchased 240,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of GBX 30 per share, with a total value of £72,000. Insiders own 24.37% of the company’s stock.

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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