Pharos Energy’s (PHAR) House Stock Rating Reaffirmed at Shore Capital

Shore Capital restated their house stock rating on shares of Pharos Energy (LON:PHAR) in a report issued on Wednesday, Marketbeat Ratings reports.

Pharos Energy Price Performance

Shares of PHAR stock opened at GBX 21.10 ($0.27) on Wednesday. The stock has a market cap of £88.90 million, a price-to-earnings ratio of -263.75, a PEG ratio of -0.02 and a beta of 1.64. The business’s fifty day moving average is GBX 20.24 and its 200 day moving average is GBX 21.56. Pharos Energy has a twelve month low of GBX 18.05 ($0.23) and a twelve month high of GBX 25 ($0.32). The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 17.55.

Pharos Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 13th will be paid a GBX 0.77 ($0.01) dividend. This represents a yield of 3.67%. This is a boost from Pharos Energy’s previous dividend of $0.33. The ex-dividend date of this dividend is Thursday, June 13th. Pharos Energy’s dividend payout ratio is presently -1,250.00%.

Insider Buying and Selling

In other news, insider Jann M. Brown purchased 33,305 shares of Pharos Energy stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of GBX 20 ($0.25) per share, with a total value of £6,661 ($8,417.79). In related news, insider Jann M. Brown bought 33,305 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £6,661 ($8,417.79). Also, insider Jann M. Brown bought 30,221 shares of the company’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of GBX 22 ($0.28) per share, for a total transaction of £6,648.62 ($8,402.15). 51.47% of the stock is owned by insiders.

About Pharos Energy

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.