Shore Capital Reiterates “House Stock” Rating for Pharos Energy (LON:PHAR)

Shore Capital reiterated their house stock rating on shares of Pharos Energy (LON:PHAR) in a research note issued to investors on Thursday morning, MarketBeat reports.

Pharos Energy Trading Up 0.6 %

Shares of PHAR stock opened at GBX 24.80 ($0.31) on Thursday. The stock has a 50 day simple moving average of GBX 23.80 and a 200-day simple moving average of GBX 24.12. Pharos Energy has a 1-year low of GBX 18.05 ($0.23) and a 1-year high of GBX 27.98 ($0.35). The company has a market cap of £102.38 million, a price-to-earnings ratio of -826.67, a PEG ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72.

Insider Activity at Pharos Energy

In other Pharos Energy news, insider Katherine Roe purchased 6,403 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of GBX 23 ($0.29) per share, for a total transaction of £1,472.69 ($1,838.33). Also, insider Sue Rivett acquired 4,123 shares of Pharos Energy stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of GBX 24 ($0.30) per share, for a total transaction of £989.52 ($1,235.20). In the last three months, insiders have purchased 16,874 shares of company stock valued at $392,225. 51.33% 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.