Pharos Energy plc (LON:PHAR) Insider Katherine Roe Purchases 6,403 Shares

Pharos Energy plc (LON:PHAR) insider Katherine Roe purchased 6,403 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of GBX 23 ($0.30) per share, with a total value of £1,472.69 ($1,909.86).

Pharos Energy Trading Up 1.8 %

LON PHAR opened at GBX 22.20 ($0.29) on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.72 and a debt-to-equity ratio of 5.01. The stock has a market cap of £91.65 million, a PE ratio of -766.67, a PEG ratio of -0.02 and a beta of 1.61. The company’s 50-day moving average price is GBX 24.35 and its 200-day moving average price is GBX 24.11. Pharos Energy plc has a 12 month low of GBX 18.05 ($0.23) and a 12 month high of GBX 27.50 ($0.36).

Pharos Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Thursday, December 19th will be issued a GBX 0.36 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 1.53%. Pharos Energy’s dividend payout ratio is currently -3,333.33%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Pharos Energy in a report on Tuesday, September 10th.

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.