PetroTal (LON:PTAL) Trading Up 0.4% – Here’s What Happened

Shares of PetroTal Corp. (LON:PTAL – Get Free Report) traded up 0.4% on Friday . The stock traded as high as GBX 26 and last traded at GBX 25.10. Approximately 1,310,970 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 936,270 shares. The stock had previously closed at GBX 25.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued 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 has a consensus rating of “Buy” and an average target price of GBX 74.

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PetroTal Stock Performance

The company has a quick ratio of 1.83, a current ratio of 2.33 and a debt-to-equity ratio of 18.02. The stock has a fifty day moving average of GBX 26.86 and a 200-day moving average of GBX 26.41. The stock has a market cap of £231.00 million, a PE ratio of 6.28 and a beta of 0.16.

Insider Activity

In related news, insider Felipe Arbelaez bought 89,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of GBX 32 per share, with a total value of £28,480. Insiders own 0.02% 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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