Pharos Energy (LON:PHAR) Given “House Stock” Rating at Shore Capital

Shore Capital reiterated their house stock rating on shares of Pharos Energy (LON:PHAR) in a research report sent to investors on Thursday, Marketbeat Ratings reports.

Pharos Energy Stock Up 3.4 %

PHAR stock opened at GBX 25.50 ($0.31) on Thursday. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72. Pharos Energy has a 1-year low of GBX 18.05 ($0.22) and a 1-year high of GBX 27.98 ($0.35). The firm has a fifty day moving average price of GBX 23.67 and a two-hundred day moving average price of GBX 24.11. The firm has a market cap of £105.27 million, a price-to-earnings ratio of -850.00, a PEG ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In related news, insider Sue Rivett acquired 4,123 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of GBX 24 ($0.30) per share, for a total transaction of £989.52 ($1,222.23). Also, insider Katherine Roe acquired 6,403 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of GBX 23 ($0.28) per share, with a total value of £1,472.69 ($1,819.03). Insiders acquired a total of 16,874 shares of company stock valued at $392,225 in the last quarter. Insiders own 51.33% of the company’s stock.

About Pharos Energy

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.