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

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reaffirmed by Shore Capital in a note issued to investors on Tuesday, Marketbeat Ratings reports.

Pharos Energy Price Performance

Shares of LON:PHAR opened at GBX 20.40 on Tuesday. The firm has a 50 day moving average of GBX 21.49 and a 200-day moving average of GBX 20.62. The stock has a market capitalization of £84.16 million, a PE ratio of 20.40, a PEG ratio of -0.02 and a beta of 1.61. 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 17.50 and a 12 month high of GBX 27.98.

Insider Buying and Selling

In related news, insider Sue Rivett acquired 4,459 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average cost of GBX 22 per share, for a total transaction of £980.98. Also, insider Katherine Roe acquired 6,734 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were bought at an average price of GBX 22 per share, with a total value of £1,481.48. Over the last quarter, insiders have purchased 33,434 shares of company stock valued at $735,548. 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.