Pharos Energy plc (LON:PHAR) Raises Dividend to GBX 0.85 Per Share

Pharos Energy plc (LON:PHAR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 12th will be given a dividend of GBX 0.85 ($0.01) per share on Friday, July 18th. This represents a dividend yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is a 133.3% increase from Pharos Energy’s previous dividend of $0.36. The official announcement can be viewed at this link.

Pharos Energy Trading Down 3.6 %

LON:PHAR opened at GBX 22.26 ($0.29) on Thursday. Pharos Energy has a 12-month low of GBX 19.05 ($0.25) and a 12-month high of GBX 27.98 ($0.36). The firm has a market cap of £111.04 million, a PE ratio of -2.37, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The stock has a fifty day moving average price of GBX 23.94 and a 200 day moving average price of GBX 23.58.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Pharos Energy in a research note on Thursday, January 23rd.

Insider Buying and Selling

In other Pharos Energy news, insider Sue Rivett purchased 4,123 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of GBX 24 ($0.31) per share, for a total transaction of £989.52 ($1,274.01). Insiders bought 11,922 shares of company stock worth $293,724 over the last 90 days. 51.33% of the stock is owned by 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.