Pharos Energy’s (PHAR) House Stock Rating Reiterated at Shore Capital

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reaffirmed by equities research analysts at Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

Pharos Energy Stock Performance

PHAR opened at GBX 24.97 ($0.31) on Thursday. The firm’s fifty day simple moving average is GBX 23.67 and its two-hundred day simple moving average is GBX 24.11. Pharos Energy has a 52-week low of GBX 18.05 ($0.22) and a 52-week high of GBX 27.98 ($0.34). The company has a market cap of £103.08 million, a price-to-earnings ratio of -832.33, a PEG 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.

Insider Activity

In other Pharos Energy news, insider Sue Rivett acquired 4,123 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of GBX 24 ($0.30) per share, with a total value of £989.52 ($1,218.17). Also, insider Katherine Roe bought 6,348 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of GBX 23 ($0.28) per share, for a total transaction of £1,460.04 ($1,797.41). Insiders have bought a total of 16,874 shares of company stock worth $392,225 over the last quarter. 51.33% of the stock is currently 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.