Pharos Energy (LON:PHAR) Earns House Stock Rating from Shore Capital

Pharos Energy (LON:PHAR - Get Free Report)'s stock had its "house stock" rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Friday, Marketbeat.com reports.

Pharos Energy Trading Down 4.0 %

Pharos Energy stock traded down GBX 0.90 ($0.01) during trading hours on Friday, hitting GBX 21.80 ($0.28). The stock had a trading volume of 143,090 shares, compared to its average volume of 257,908. The business's 50 day simple moving average is GBX 22.76 and its 200-day simple moving average is GBX 23.91. Pharos Energy has a one year low of GBX 18.05 ($0.23) and a one year high of GBX 27.50 ($0.35). 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 stock has a market cap of £90.00 million, a price-to-earnings ratio of -726.67, a P/E/G ratio of -0.02 and a beta of 1.61.

Insiders Place Their Bets

In other news, insider Katherine Roe acquired 6,348 shares of Pharos Energy stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of GBX 23 ($0.29) per share, with a total value of £1,460.04 ($1,861.35). Also, insider Sue Rivett sold 479,596 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of GBX 23 ($0.29), for a total transaction of £110,307.08 ($140,626.06). Insiders have purchased a total of 16,695 shares of company stock worth $391,873 over the last 90 days. Corporate insiders own 51.33% of the company's stock.

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.