Pharos Energy (LON:PHAR) Stock Price Up 0.3% – Here’s Why

Pharos Energy plc (LON:PHAR) shares rose 0.3% during trading on Wednesday . The company traded as high as GBX 30.40 and last traded at GBX 30.10. 162,796 shares changed hands during trading, a decline of 81% from the average session volume of 878,062 shares. The stock had previously closed at GBX 30.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 38 price objective on shares of Pharos Energy in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 46.50.

Pharos Energy Stock Up 0.3%

The company has a market cap of £124.65 million, a price-to-earnings ratio of -18.81, a price-to-earnings-growth ratio of -0.02 and a beta of 0.32. The company’s fifty day moving average price is GBX 27.80 and its two-hundred day moving average price is GBX 27.22.

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.