Insider Buying: Pharos Energy (LON:PHAR) Insider Acquires 4,479 Shares of Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett acquired 4,479 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were bought at an average cost of GBX 22 per share, for a total transaction of £985.38.

Sue Rivett also recently made the following trade(s):

• On Tuesday, December 30th, Sue Rivett bought 5,000 shares of Pharos Energy stock. The stock was bought at an average price of GBX 19 per share, with a total value of £950.
• On Thursday, November 27th, Sue Rivett purchased 4,894 shares of Pharos Energy stock. The shares were bought at an average price of GBX 20 per share, for a total transaction of £978.80.

Pharos Energy Trading Down 2.1%

LON PHAR opened at GBX 21.40 on Wednesday. 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 plc has a 1-year low of GBX 17.50 and a 1-year high of GBX 25.90. The firm’s fifty day simple moving average is GBX 20.41 and its 200-day simple moving average is GBX 20.99. The company has a market capitalization of £88.28 million, a PE ratio of 21.40, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PHAR shares. Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research note on Thursday, January 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 55 target price on shares of Pharos Energy in a research note on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 55.

About Pharos Energy

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.