Pharos Energy plc (LON:PHAR - Get Free Report)'s share price traded up 20.6% during mid-day trading on Tuesday . The company traded as high as GBX 23.50 ($0.30) and last traded at GBX 22.97 ($0.30). 709,355 shares were traded during mid-day trading, an increase of 116% from the average session volume of 328,853 shares. The stock had previously closed at GBX 19.05 ($0.25).
Analyst Upgrades and Downgrades
Separately, Shore Capital reissued a "house stock" rating on shares of Pharos Energy in a research note on Thursday, January 23rd.
Read Our Latest Stock Report on Pharos Energy
Pharos Energy Stock Performance
The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. The company has a market capitalization of £107.25 million, a PE ratio of -2.29, a P/E/G ratio of -0.02 and a beta of 1.61. The stock has a 50-day simple moving average of GBX 23.72 and a 200 day simple moving average of GBX 23.53.
Pharos Energy Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 12th will be given a GBX 0.85 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Pharos Energy's previous dividend of $0.36. This represents a dividend yield of 3.67%. Pharos Energy's payout ratio is currently -10.64%.
Insider Buying and Selling at Pharos Energy
In related news, insider Sue Rivett acquired 3,798 shares of Pharos Energy stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,278.13). In the last three months, insiders acquired 11,917 shares of company stock worth $293,604. 51.33% of the stock is owned by corporate insiders.
About Pharos Energy
(
Get Free Report)
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.
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