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

Pharos Energy plc (LON:PHAR - Get Free Report) insider Sue Rivett acquired 4,118 shares of the stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of GBX 24 ($0.31) per share, with a total value of £988.32 ($1,276.90).

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 bought at an average price of GBX 24 ($0.31) per share, with a total value of £960.24 ($1,240.62).
• 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 ($61,771.16).
• On Monday, January 27th, Sue Rivett bought 3,798 shares of Pharos Energy stock. The stock was purchased at an average cost of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,275.81).

Pharos Energy Trading Up 3.3 %

PHAR stock traded up GBX 0.70 ($0.01) on Tuesday, reaching GBX 22.20 ($0.29). The company's stock had a trading volume of 108,566 shares, compared to its average volume of 308,238. The firm has a market cap of £110.74 million, a PE ratio of -2.36, a PEG ratio of -0.02 and a beta of 1.61. The business has a fifty day simple moving average of GBX 23.60 and a two-hundred day simple moving average of GBX 23.50. Pharos Energy plc has a 12-month low of GBX 19.05 ($0.25) and a 12-month high of GBX 27.98 ($0.36). 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 business also recently announced a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 0.85 ($0.01) per share. This is a positive change from Pharos Energy's previous dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 3.67%. Pharos Energy's payout ratio is presently -10.64%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Pharos Energy in a research report on Thursday, January 23rd.

About Pharos Energy

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.