Pharos Energy (LON:PHAR) Receives “House Stock” Rating from Shore Capital Group

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reiterated by investment analysts at Shore Capital Group in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 38 target price on the stock. Shore Capital Group’s price objective would suggest a potential upside of 30.53% from the company’s previous close.

Pharos Energy Stock Up 0.7%

Pharos Energy stock opened at GBX 29.11 on Monday. The business’s 50-day simple moving average is GBX 27.91 and its 200 day simple moving average is GBX 24.20. The stock has a market cap of £120.55 million, a price-to-earnings ratio of -18.19, a P/E/G ratio of -0.02 and a beta of 0.30. Pharos Energy has a 12-month low of GBX 18.25 and a 12-month high of GBX 31.

Insider Activity

In other news, insider Katherine Roe purchased 5,355 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of GBX 28 per share, for a total transaction of £1,499.40. Also, insider Sue Rivett purchased 3,546 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of GBX 28 per share, for a total transaction of £992.88. In the last quarter, insiders purchased 12,383 shares of company stock worth $346,724. 15.75% of the stock is owned by company insiders.

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.