Pharos Energy (LON:PHAR) Reaches New 12-Month Low - Here's What Happened

Pharos Energy plc (LON:PHAR - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as GBX 17.70 ($0.24) and last traded at GBX 18 ($0.24), with a volume of 816287 shares changing hands. The stock had previously closed at GBX 19.60 ($0.26).

Wall Street Analysts Forecast Growth

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

Pharos Energy Stock Performance

The company's 50 day simple moving average is GBX 21.93 and its 200 day simple moving average is GBX 23.01. The stock has a market cap of £89.29 million, a price-to-earnings ratio of -1.90, a PEG ratio of -0.02 and a beta of 1.61. 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 company also recently announced a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be given a GBX 0.85 ($0.01) dividend. This represents a yield of 3.67%. This is an increase from Pharos Energy's previous dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 12th. Pharos Energy's dividend payout ratio is -10.64%.

Insider Activity

In related news, insider Sue Rivett sold 199,212 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of GBX 24 ($0.32), for a total value of £47,810.88 ($63,569.84). In the last ninety days, insiders have bought 11,917 shares of company stock worth $293,604. 51.33% of the stock is owned by company insiders.

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.