Pharos Energy’s (PHAR) “House Stock” Rating Reiterated at Shore Capital

Shore Capital reiterated their house stock rating on shares of Pharos Energy (LON:PHAR) in a research note published on Friday morning, MarketBeat Ratings reports.

Pharos Energy Stock Performance

PHAR opened at GBX 21.80 ($0.28) on Friday. The business has a 50 day moving average price of GBX 22.74 and a two-hundred day moving average price of GBX 23.91. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72. The company has a market capitalization of £90.00 million, a price-to-earnings ratio of -726.67, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. Pharos Energy has a 1-year low of GBX 18.05 ($0.23) and a 1-year high of GBX 27.50 ($0.35).

Pharos Energy Cuts Dividend

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

Insider Buying and Selling

In related news, insider Katherine Roe bought 6,348 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of GBX 23 ($0.29) per share, with a total value of £1,460.04 ($1,860.63). Also, insider Sue Rivett bought 3,944 shares of Pharos Energy stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of GBX 25 ($0.32) per share, with a total value of £986 ($1,256.53). Insiders have bought a total of 16,695 shares of company stock valued at $391,873 over the last three months. Company insiders own 51.33% of the company’s stock.

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.