Pharos Energy plc (LON:PHAR) to Issue Dividend of GBX 0.85

Pharos Energy plc (LON:PHAR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, June 12th will be given a dividend of GBX 0.85 ($0.01) per share on Friday, July 18th. This represents a dividend yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is a 133.3% increase from Pharos Energy’s previous dividend of $0.36. The official announcement can be seen at this link.

Pharos Energy Stock Performance

LON PHAR opened at GBX 22.37 ($0.29) on Friday. The business has a 50 day simple moving average of GBX 23.84 and a two-hundred day simple moving average of GBX 23.57. Pharos Energy has a 1-year low of GBX 19.05 ($0.25) and a 1-year high of GBX 27.98 ($0.36). The stock has a market capitalization of £111.61 million, a PE ratio of -2.38, a P/E/G ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72.

Insider Buying and Selling

In related news, insider Sue Rivett sold 199,212 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of GBX 24 ($0.31), for a total value of £47,810.88 ($61,899.12). Insiders have bought a total of 11,917 shares of company stock valued at $293,604 over the last quarter. 51.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research note on Thursday, January 23rd.

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.