Insider Buying: Pharos Energy plc (LON:PHAR) Insider Purchases 4,118 Shares of Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 4,118 shares of Pharos Energy stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,279.54).

Sue Rivett also recently made the following trade(s):

• On Thursday, February 27th, Sue Rivett bought 4,001 shares of Pharos Energy stock. The stock was bought at an average price of GBX 24 ($0.31) per share, with a total value of £960.24 ($1,243.19).
• On Thursday, January 23rd, Sue Rivett sold 199,212 shares of Pharos Energy stock. The stock was sold at an average price of GBX 24 ($0.31), for a total transaction of £47,810.88 ($61,899.12).
• On Monday, January 27th, Sue Rivett purchased 3,798 shares of Pharos Energy stock. The stock was acquired at an average price of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,278.46).

Pharos Energy Trading Down 4.2 %

Shares of Pharos Energy stock opened at GBX 21.94 ($0.28) on Friday. Pharos Energy plc has a fifty-two week low of GBX 19.05 ($0.25) and a fifty-two week high of GBX 27.98 ($0.36). The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99. The business has a fifty day simple moving average of GBX 23.84 and a 200-day simple moving average of GBX 23.57. The firm has a market cap of £109.47 million, a price-to-earnings ratio of -2.33, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Pharos Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date is Thursday, June 12th. This is a positive change from Pharos Energy’s previous dividend of $0.36. This represents a dividend yield of 3.67%. Pharos Energy’s dividend payout ratio (DPR) is currently -10.64%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a report on Thursday, January 23rd.

About Pharos Energy

Pharos Energy is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders.
Pharos is listed on the London Stock Exchange, we have production, development and exploration interests in Egypt, Israel and Vietnam.