Insider Selling: Pharos Energy plc (LON:PHAR) Insider Sells 563,456 Shares of Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett sold 563,456 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of GBX 21 ($0.27), for a total value of £118,325.76 ($151,195.71).

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

• On Thursday, March 27th, Sue Rivett bought 4,118 shares of Pharos Energy stock. The stock was bought at an average price of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,262.87).
• On Thursday, February 27th, Sue Rivett purchased 4,001 shares of Pharos Energy stock. The shares were purchased at an average price of GBX 24 ($0.31) per share, with a total value of £960.24 ($1,226.99).
• 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 transaction of £47,810.88 ($61,092.36).
• On Monday, January 27th, Sue Rivett bought 3,798 shares of Pharos Energy stock. The stock was purchased at an average price of GBX 26 ($0.33) per share, with a total value of £987.48 ($1,261.79).

Pharos Energy Stock Up 6.5 %

Shares of Pharos Energy stock opened at GBX 19.70 ($0.25) on Wednesday. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. Pharos Energy plc has a 1-year low of GBX 18 ($0.23) and a 1-year high of GBX 27.98 ($0.36). The business’s fifty day moving average price is GBX 22.86 and its two-hundred day moving average price is GBX 23.30. The company has a market capitalization of £98.27 million, a P/E ratio of -2.10, a PEG ratio of -0.02 and a beta of 1.61.

Pharos Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a report on Tuesday, April 1st.

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.