Pharos Energy (LON:PHAR) Trading Up 1% – Here’s Why

Pharos Energy plc (LON:PHAR) shot up 1% on Thursday . The company traded as high as GBX 30.50 and last traded at GBX 30. 54,673 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 871,598 shares. The stock had previously closed at GBX 29.70.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating and set a GBX 38 target price on shares of Pharos Energy in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 46.50.

Pharos Energy Stock Performance

The firm’s fifty day simple moving average is GBX 29.34 and its 200-day simple moving average is GBX 27.94. The stock has a market cap of £124.24 million, a P/E ratio of -18.75, a price-to-earnings-growth ratio of -0.02 and a beta of 0.32.

Pharos Energy Company Profile

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.