Pharos Energy (LON:PHAR) Earns “House Stock” Rating from Shore Capital

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reaffirmed by equities researchers at Shore Capital in a research report issued on Thursday, MarketBeat.com reports.

Pharos Energy Stock Performance

Pharos Energy stock opened at GBX 21 ($0.28) on Thursday. Pharos Energy has a fifty-two week low of GBX 17.50 ($0.23) and a fifty-two week high of GBX 27.98 ($0.38). The firm’s 50 day simple moving average is GBX 20.25 and its 200-day simple moving average is GBX 21.81. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. The company has a market cap of £104.76 million, a P/E ratio of -2.23, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In other Pharos Energy news, insider Katherine Roe purchased 7,365 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of GBX 20 ($0.27) per share, with a total value of £1,473 ($1,977.18). Also, insider Sue Rivett acquired 4,877 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of GBX 20 ($0.27) per share, with a total value of £975.40 ($1,309.26). Over the last quarter, insiders have acquired 28,628 shares of company stock worth $584,071. Corporate insiders own 51.33% of the company’s stock.

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.