Pharos Energy (LON:PHAR) Stock Rating Reaffirmed by Shore Capital

Pharos Energy (LON:PHAR)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Pharos Energy Trading Down 0.4 %

LON PHAR opened at GBX 23.90 ($0.30) on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. Pharos Energy has a 12 month low of GBX 18.05 ($0.23) and a 12 month high of GBX 25 ($0.32). The company has a market capitalization of £99.86 million, a PE ratio of -265.56, a P/E/G ratio of -0.02 and a beta of 1.60. The stock has a 50-day simple moving average of GBX 22.39 and a 200 day simple moving average of GBX 21.62.

Insider Activity at Pharos Energy

In other news, insider Sue Rivett sold 68,491 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of £15,493.14 ($19,691.33), for a total transaction of £1,061,140,651.74 ($1,348,679,018.48). In other Pharos Energy news, insider Jann M. Brown bought 33,305 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of GBX 20 ($0.25) per share, with a total value of £6,661 ($8,465.94). Also, insider Sue Rivett sold 68,491 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of £15,493.14 ($19,691.33), for a total value of £1,061,140,651.74 ($1,348,679,018.48). Insiders have acquired 42,037 shares of company stock valued at $861,847 over the last ninety days. 52.81% of the stock is owned by corporate insiders.

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.