Insider Buying: Pharos Energy plc (LON:PHAR) Insider Buys £1,472.69 in Stock

Pharos Energy plc (LON:PHAR) insider Katherine Roe acquired 6,403 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of GBX 23 ($0.30) per share, for a total transaction of £1,472.69 ($1,909.86).

Pharos Energy Stock Up 1.4 %

Pharos Energy stock opened at GBX 21.90 ($0.28) on Friday. The firm has a market cap of £90.41 million, a price-to-earnings ratio of -730.00, a PEG 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 12 month low of GBX 18.05 ($0.23) and a 12 month high of GBX 27.50 ($0.36). The stock has a fifty day simple moving average of GBX 24.13 and a two-hundred day simple moving average of GBX 24.07.

Pharos Energy Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Pharos Energy Company Profile

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.