Pharos Energy (LON:PHAR) Trading 0.2% Higher

Pharos Energy plc (LON:PHAR) traded up 0.2% during trading on Thursday . The stock traded as high as GBX 23.80 ($0.30) and last traded at GBX 23.60 ($0.29). 86,053 shares changed hands during trading, a decline of 65% from the average session volume of 249,238 shares. The stock had previously closed at GBX 23.55 ($0.29).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research report on Wednesday, March 27th.

Pharos Energy Stock Up 0.2 %

The firm’s fifty day simple moving average is GBX 20.64 and its two-hundred day simple moving average is GBX 21.48. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The company has a market capitalization of £99.29 million, a price-to-earnings ratio of -262.22, a price-to-earnings-growth ratio of -0.02 and a beta of 1.64.

Pharos Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 0.77 ($0.01) per share. This represents a dividend yield of 3.67%. The ex-dividend date is Thursday, June 13th. This is a positive change from Pharos Energy’s previous dividend of $0.33. Pharos Energy’s payout ratio is presently -2,222.22%.

Insider Buying and Selling

In other Pharos Energy news, insider Jann M. Brown acquired 33,305 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of GBX 20 ($0.25) per share, with a total value of £6,661 ($8,292.05). In other news, insider Sue Rivett acquired 4,607 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average price of GBX 21 ($0.26) per share, for a total transaction of £967.47 ($1,204.37). Also, insider Jann M. Brown purchased 33,305 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of GBX 20 ($0.25) per share, for a total transaction of £6,661 ($8,292.05). Over the last three months, insiders acquired 68,133 shares of company stock worth $1,427,709. Company insiders own 52.62% 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.