Pharos Energy plc (OTCMKTS:SOCLF – Get Rating) – Equities research analysts at Jefferies Financial Group raised their FY2022 earnings estimates for Pharos Energy in a research report issued on Thursday, May 19th. Jefferies Financial Group analyst M. Wilson now forecasts that the company will post earnings of $0.00 per share for the year, up from their prior estimate of ($0.01).
Shares of SOCLF stock opened at $0.29 on Monday. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.34. Pharos Energy has a 1-year low of $0.26 and a 1-year high of $0.42.
Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, as well as a 25% working interest in the Ca Ngu Vang field of Block 9-2 situated in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126 located in the Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt.
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