Pharos Energy (LON:PHAR) Sets New 1-Year Low - Time to Sell?

Pharos Energy plc (LON:PHAR - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as GBX 18.55 ($0.24) and last traded at GBX 18.90 ($0.24), with a volume of 306305 shares traded. The stock had previously closed at GBX 20 ($0.26).

Analysts Set New Price Targets

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

Pharos Energy Stock Performance

The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The company has a market cap of £98.77 million, a P/E ratio of -2.11, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company's fifty day moving average is GBX 22.68 and its 200 day moving average is GBX 23.24.

Pharos Energy Increases Dividend

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

Insider Activity

In other news, insider Sue Rivett sold 563,456 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of GBX 21 ($0.27), for a total value of £118,325.76 ($151,195.71). In the last quarter, insiders purchased 11,917 shares of company stock valued at $293,604. Insiders own 51.33% of the company's stock.

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.