Pharos Energy plc (LON:PHAR) to Issue Dividend Increase - GBX 0.85 Per Share

Pharos Energy plc (LON:PHAR - Get Free Report) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, June 12th will be paid a dividend of GBX 0.85 ($0.01) per share on Friday, July 18th. This represents a yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is a 133.3% increase from Pharos Energy's previous dividend of $0.36. The official announcement can be accessed at this link.

Pharos Energy Stock Performance

Shares of LON:PHAR traded down GBX 1.40 ($0.02) on Friday, hitting GBX 21.50 ($0.28). The company's stock had a trading volume of 39,147 shares, compared to its average volume of 313,957. The company has a market capitalization of £107.25 million, a price-to-earnings ratio of -2.29, a price-to-earnings-growth 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 has a 12 month low of GBX 19.05 ($0.25) and a 12 month high of GBX 27.98 ($0.36). The stock's 50-day moving average is GBX 23.72 and its two-hundred day moving average is GBX 23.55.

Insider Buying and Selling at Pharos Energy

In other news, insider Sue Rivett acquired 3,798 shares of Pharos Energy stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,278.13). Insiders purchased 11,917 shares of company stock valued at $293,604 in the last quarter. Company insiders own 51.33% of the company's stock.

Remove Ads

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Pharos Energy in a research report on Thursday, January 23rd.

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.