Pharos Energy plc (LON:PHAR - Get Free Report) declared a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, June 12th will be given 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 of this dividend is Thursday, June 12th. This is a 133.3% increase from Pharos Energy's previous dividend of $0.36. The official announcement can be seen at this link.
Pharos Energy Price Performance
Shares of PHAR traded down GBX 1.40 ($0.02) during trading hours on Friday, hitting GBX 21.50 ($0.28). The stock had a trading volume of 39,147 shares, compared to its average volume of 313,957. The stock has a market capitalization of £107.25 million, a price-to-earnings ratio of -2.29, a P/E/G ratio of -0.02 and a beta of 1.61. 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's fifty day moving average is GBX 23.72 and its two-hundred day moving average is GBX 23.53. Pharos Energy has a 52 week low of GBX 19.05 ($0.25) and a 52 week high of GBX 27.98 ($0.36).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Pharos Energy in a research note on Thursday, January 23rd.
View Our Latest Research Report on Pharos Energy
Insider Activity at Pharos Energy
In other Pharos Energy news, insider Sue Rivett sold 199,212 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of GBX 24 ($0.31), for a total transaction of £47,810.88 ($61,883.10). Insiders acquired 11,917 shares of company stock valued at $293,604 in the last three months. Corporate insiders own 51.33% of the company's stock.
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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