Insider Selling: Pharos Energy plc (LON:PHAR) Insider Sells 563,456 Shares of Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett sold 563,456 shares of Pharos Energy stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of GBX 21 ($0.27), for a total value of £118,325.76 ($152,520.96).

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

• On Thursday, March 27th, Sue Rivett bought 4,118 shares of Pharos Energy stock. The shares were bought at an average cost of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,273.94).
• On Thursday, February 27th, Sue Rivett bought 4,001 shares of Pharos Energy stock. The shares were purchased at an average price of GBX 24 ($0.31) per share, for a total transaction of £960.24 ($1,237.74).
• On Thursday, January 23rd, Sue Rivett sold 199,212 shares of Pharos Energy stock. The shares were sold at an average price of GBX 24 ($0.31), for a total value of £47,810.88 ($61,627.84).
• On Monday, January 27th, Sue Rivett bought 3,798 shares of Pharos Energy stock. The shares were acquired at an average price of GBX 26 ($0.34) per share, with a total value of £987.48 ($1,272.85).

Pharos Energy Trading Down 3.8 %

Shares of LON:PHAR opened at GBX 18.18 ($0.23) on Monday. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. Pharos Energy plc has a 1 year low of GBX 18 ($0.23) and a 1 year high of GBX 27.98 ($0.36). The company has a market cap of £90.69 million, a P/E ratio of -1.93, a PEG ratio of -0.02 and a beta of 1.61. The stock’s fifty day moving average price is GBX 23.21 and its 200-day moving average price is GBX 23.41.

Pharos Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of Pharos Energy in a research note on Tuesday, April 1st.

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.