Pharos Energy plc (PHAR) to Issue Dividend of GBX 0.85 on July 18th

Pharos Energy plc (LON:PHAR) declared 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 dividend 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 accessed at this link.

Pharos Energy Stock Performance

Shares of PHAR stock opened at GBX 22.37 ($0.29) on Friday. The company has a market capitalization of £111.61 million, a price-to-earnings ratio of -2.38, 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 one year low of GBX 19.05 ($0.25) and a one year high of GBX 27.98 ($0.36). The company’s 50-day moving average is GBX 23.84 and its 200 day moving average is GBX 23.57.

Insider Buying and Selling at Pharos Energy

In related news, insider Sue Rivett sold 199,212 shares of Pharos Energy stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of GBX 24 ($0.31), for a total transaction of £47,810.88 ($61,899.12). Insiders have bought 11,917 shares of company stock valued at $293,604 over the last 90 days. 51.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.