Pharos Energy (LON:PHAR) Stock Price Up 2.7%

Pharos Energy plc (LON:PHAR)’s stock price traded up 2.7% during trading on Friday . The stock traded as high as GBX 26.20 ($0.34) and last traded at GBX 26.20 ($0.34). 92,787 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 283,502 shares. The stock had previously closed at GBX 25.50 ($0.33).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a report on Thursday, July 18th.

Pharos Energy Trading Up 2.7 %

The stock has a 50-day moving average price of GBX 24.71 and a two-hundred day moving average price of GBX 22.83. The stock has a market capitalization of £108.59 million, a PE ratio of -291.11, a PEG ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02.

Insiders Place Their Bets

In other news, insider Sue Rivett purchased 3,682 shares of the stock in a transaction on Monday, July 29th. The shares were acquired at an average price of GBX 26 ($0.34) per share, with a total value of £957.32 ($1,243.92). In the last 90 days, insiders have bought 11,640 shares of company stock worth $290,669. Company insiders own 54.96% of the company’s stock.

Pharos Energy Company Profile

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.