Pharos Energy plc (LON:PHAR) Insider Acquires £1,472.69 in Stock

Pharos Energy plc (LON:PHAR - Get Free Report) insider Katherine Roe purchased 6,403 shares of the business's stock in a transaction dated Monday, October 28th. The shares were purchased at an average cost of GBX 23 ($0.30) per share, with a total value of £1,472.69 ($1,909.86).

Pharos Energy Trading Up 0.9 %

Shares of PHAR stock traded up GBX 0.20 ($0.00) during trading hours on Tuesday, reaching GBX 22 ($0.29). The company had a trading volume of 301,338 shares, compared to its average volume of 269,994. Pharos Energy plc has a 1-year low of GBX 18.05 ($0.23) and a 1-year high of GBX 27.50 ($0.36). 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 firm has a market cap of £90.82 million, a price-to-earnings ratio of -740.00, a P/E/G ratio of -0.02 and a beta of 1.61. The company has a 50 day moving average of GBX 24.35 and a 200 day moving average of GBX 24.11.

Pharos Energy Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of Pharos Energy in a research report on Tuesday, September 10th.

Pharos Energy Company Profile

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.