Pharos Energy plc (LON:PHAR) Insider Buys £988.32 in Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 4,118 shares of Pharos Energy stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,279.21).

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

• On Thursday, February 27th, Sue Rivett acquired 4,001 shares of Pharos Energy stock. The stock was purchased at an average cost of GBX 24 ($0.31) per share, for a total transaction of £960.24 ($1,242.87).
• On Thursday, January 23rd, Sue Rivett sold 199,212 shares of Pharos Energy stock. The shares were sold at an average price of GBX 24 ($0.31), for a total value of £47,810.88 ($61,883.10).
• On Monday, January 27th, Sue Rivett purchased 3,798 shares of Pharos Energy stock. The shares were purchased at an average cost of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,278.13).

Pharos Energy Trading Down 6.1 %

LON:PHAR opened at GBX 21.50 ($0.28) on Friday. The firm has a 50-day simple moving average of GBX 23.72 and a 200-day simple moving average of GBX 23.55. Pharos Energy plc has a one year low of GBX 19.05 ($0.25) and a one year high of GBX 27.98 ($0.36). The firm has a market cap of £107.25 million, a P/E ratio of -2.29, a P/E/G ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02.

Pharos Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 12th will be paid a GBX 0.85 ($0.01) dividend. This is an increase from Pharos Energy’s previous dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 3.67%. Pharos Energy’s payout ratio is -10.64%.

Wall Street Analysts Forecast Growth

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

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.