Pharos Energy (LON:PHAR) Stock Price Up 0.9% – Here’s What Happened

Pharos Energy plc (LON:PHAR)’s share price traded up 0.9% during trading on Wednesday . The company traded as high as GBX 24.74 and last traded at GBX 23.10. 777,451 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 465,904 shares. The stock had previously closed at GBX 22.90.

Analyst Ratings Changes

PHAR has been the subject of several recent research reports. Shore Capital Group reissued a “house stock” rating on shares of Pharos Energy in a report on Thursday, January 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 55 price objective on shares of Pharos Energy in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pharos Energy currently has a consensus rating of “Buy” and an average target price of GBX 55.

Pharos Energy Stock Up 0.9%

The firm has a market capitalization of £95.30 million, a PE ratio of 23.10, a P/E/G 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. The company has a 50-day moving average price of GBX 21.11 and a 200 day moving average price of GBX 21.09.

Insider Buying and Selling

In related news, insider Sue Rivett acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was acquired at an average cost of GBX 19 per share, with a total value of £950. Also, insider Katherine Roe acquired 7,552 shares of Pharos Energy stock in a transaction dated Tuesday, December 30th. The shares were bought at an average price of GBX 19 per share, for a total transaction of £1,434.88. Over the last three months, insiders purchased 36,079 shares of company stock worth $731,514. 16.44% of the stock is owned by insiders.

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.