Pharos Energy (LON:PHAR) Shares Up 10.9% – What’s Next?

Pharos Energy plc (LON:PHAR) shares shot up 10.9% during mid-day trading on Thursday . The company traded as high as GBX 20.40 ($0.27) and last traded at GBX 20.40 ($0.27). Approximately 229,018 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 302,688 shares. The stock had previously closed at GBX 18.40 ($0.24).

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a report on Tuesday, April 1st.

Pharos Energy Trading Up 10.9 %

The stock has a market cap of £101.75 million, a P/E ratio of -2.17, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The business’s fifty day simple moving average is GBX 22.17 and its 200 day simple moving average is GBX 23.08.

Pharos Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be paid a GBX 0.85 ($0.01) dividend. This represents a dividend yield of 3.67%. 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. Pharos Energy’s dividend payout ratio (DPR) is -10.64%.

Insider Activity at Pharos Energy

In other news, insider Sue Rivett sold 199,212 shares of Pharos Energy stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of GBX 24 ($0.32), for a total transaction of £47,810.88 ($63,283.76). Insiders have acquired 11,917 shares of company stock worth $293,604 over the last ninety days. Company insiders own 51.33% of the company’s stock.

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.