Pharos Energy (LON:PHAR) Receives House Stock Rating from Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Pharos Energy (LON:PHAR) in a research note published on Thursday morning, Marketbeat Ratings reports.

Pharos Energy Price Performance

Shares of LON PHAR opened at GBX 22 on Thursday. The firm’s 50 day simple moving average is GBX 21.64 and its 200-day simple moving average is GBX 20.74. Pharos Energy has a 12 month low of GBX 17.50 and a 12 month high of GBX 27.98. The stock has a market capitalization of £90.60 million, a price-to-earnings ratio of 407.41, a PEG ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72.

Insiders Place Their Bets

In related news, insider Sue Rivett purchased 4,408 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of GBX 22 per share, with a total value of £969.76. Also, insider Katherine Roe purchased 6,657 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of GBX 22 per share, for a total transaction of £1,464.54. Insiders purchased a total of 22,241 shares of company stock worth $489,302 in the last three months. 16.45% of the stock is 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.