Pharos Energy (LON:PHAR) Sets New 52-Week High - Should You Buy?

Pharos Energy plc (LON:PHAR - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as GBX 27.98 ($0.34) and last traded at GBX 26.90 ($0.33), with a volume of 469126 shares. The stock had previously closed at GBX 26.90 ($0.33).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "house stock" rating on shares of Pharos Energy in a research report on Friday, December 6th.

Pharos Energy Price Performance

The company has a quick ratio of 1.72, a current ratio of 2.84 and a debt-to-equity ratio of 5.01. The firm has a market capitalization of £111.05 million, a price-to-earnings ratio of -896.67, a P/E/G ratio of -0.02 and a beta of 1.61. The stock's 50 day moving average price is GBX 22.99 and its two-hundred day moving average price is GBX 23.91.

Insider Buying and Selling at Pharos Energy

In related news, insider Sue Rivett bought 4,123 shares of the business's stock in a transaction on Friday, December 27th. The shares were bought at an average cost of GBX 24 ($0.29) per share, for a total transaction of £989.52 ($1,210.87). Also, insider Katherine Roe purchased 6,403 shares of Pharos Energy stock in a transaction on Monday, October 28th. The stock was bought at an average cost of GBX 23 ($0.28) per share, with a total value of £1,472.69 ($1,802.12). Insiders have bought 16,874 shares of company stock worth $392,225 over the last 90 days. 51.33% of the stock is currently owned by corporate insiders.

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.