Pharos Energy plc (LON:PHAR) Insider Sells £118,325.76 in Stock

Pharos Energy plc (LON:PHAR - Get Free Report) insider Sue Rivett sold 563,456 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of GBX 21 ($0.27), for a total value of £118,325.76 ($154,876.65).

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

• On Thursday, March 27th, Sue Rivett acquired 4,118 shares of Pharos Energy stock. The shares were purchased at an average price of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,293.61).
• On Thursday, February 27th, Sue Rivett bought 4,001 shares of Pharos Energy stock. The stock was acquired at an average price of GBX 24 ($0.31) per share, with a total value of £960.24 ($1,256.86).
• 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 ($62,579.69).
• On Monday, January 27th, Sue Rivett acquired 3,798 shares of Pharos Energy stock. The stock was acquired at an average cost of GBX 26 ($0.34) per share, with a total value of £987.48 ($1,292.51).

Pharos Energy Stock Down 5.3 %

Shares of LON:PHAR traded down GBX 1.10 ($0.01) on Friday, reaching GBX 19.60 ($0.26). The company had a trading volume of 344,433 shares, compared to its average volume of 301,493. The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99. The stock has a market capitalization of £97.77 million, a P/E ratio of -2.08, a P/E/G ratio of -0.02 and a beta of 1.61. The stock has a 50-day moving average price of GBX 22.53 and a 200 day moving average price of GBX 23.19. Pharos Energy plc has a twelve month low of GBX 17.70 ($0.23) and a twelve month high of GBX 27.98 ($0.37).

Pharos Energy Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, June 12th. This is a positive change from Pharos Energy's previous dividend of $0.36. This represents a yield of 3.67%. Pharos Energy's dividend payout ratio (DPR) is presently -10.64%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "house stock" rating on shares of Pharos Energy in a research report on Tuesday, April 1st.

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.