Pharos Energy (LON:PHAR) Sets New 52-Week High – Should You Buy?

Shares of Pharos Energy plc (LON:PHAR) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 27.98 ($0.34) and last traded at GBX 26.90 ($0.33), with a volume of 469126 shares trading hands. The stock had previously closed at GBX 26.90 ($0.33).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of Pharos Energy in a research report on Friday, December 6th.

Pharos Energy Price Performance

The company has a market capitalization of £112.70 million, a price-to-earnings ratio of -910.00, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company has a quick ratio of 1.72, a current ratio of 2.84 and a debt-to-equity ratio of 5.01. The business has a 50-day moving average price of GBX 23.09 and a 200-day moving average price of GBX 23.95.

Insider Buying and Selling

In other Pharos Energy news, insider Sue Rivett sold 479,596 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of GBX 23 ($0.28), for a total transaction of £110,307.08 ($134,668.64). Also, insider Katherine Roe bought 6,348 shares of Pharos Energy stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of GBX 23 ($0.28) per share, with a total value of £1,460.04 ($1,782.49). In the last quarter, insiders have purchased 16,874 shares of company stock valued at $392,225. 51.33% of the stock is owned by corporate insiders.

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.