Sue Rivett Sells 479,596 Shares of Pharos Energy plc (LON:PHAR) Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett sold 479,596 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of GBX 23 ($0.30), for a total transaction of £110,307.08 ($143,218.75).

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

• On Friday, September 27th, Sue Rivett bought 3,944 shares of Pharos Energy stock. The shares were purchased at an average cost of GBX 25 ($0.32) per share, for a total transaction of £986 ($1,280.19).
• On Tuesday, August 27th, Sue Rivett bought 3,724 shares of Pharos Energy stock. The stock was purchased at an average price of GBX 26 ($0.34) per share, with a total value of £968.24 ($1,257.13).
• On Monday, July 29th, Sue Rivett purchased 3,682 shares of Pharos Energy stock. The shares were purchased at an average price of GBX 26 ($0.34) per share, for a total transaction of £957.32 ($1,242.95).

Pharos Energy Stock Performance

LON:PHAR opened at GBX 22.80 ($0.30) on Friday. The company has a 50-day moving average of GBX 24.45 and a 200-day moving average of GBX 24.08. The firm has a market cap of £94.13 million, a price-to-earnings ratio of -755.43, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company has a current ratio of 2.84, a quick ratio of 1.72 and a debt-to-equity ratio of 5.01. Pharos Energy plc has a twelve month low of GBX 18.05 ($0.23) and a twelve month high of GBX 27.50 ($0.36).

Pharos Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Thursday, December 19th will be issued a dividend of GBX 0.36 ($0.00) per share. This represents a yield of 1.53%. The ex-dividend date of this dividend is Thursday, December 19th. Pharos Energy’s payout ratio is -3,333.33%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a research note on Tuesday, September 10th.

About Pharos Energy

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.