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

Shore Capital restated their house stock rating on shares of Pharos Energy (LON:PHAR) in a research note released on Thursday, MarketBeat Ratings reports.

Pharos Energy Trading Up 3.4 %

Shares of PHAR opened at GBX 25.50 ($0.31) on Thursday. Pharos Energy has a 12 month low of GBX 18.05 ($0.22) and a 12 month high of GBX 27.98 ($0.35). The stock’s 50-day moving average is GBX 23.67 and its two-hundred day moving average is GBX 24.11. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72. The stock has a market cap of £105.27 million, a PE ratio of -850.00, a P/E/G ratio of -0.02 and a beta of 1.61.

Insiders Place Their Bets

In other Pharos Energy news, insider Katherine Roe purchased 6,348 shares of Pharos Energy stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of GBX 23 ($0.28) per share, with a total value of £1,460.04 ($1,803.41). Also, insider Sue Rivett acquired 4,123 shares of the stock in a transaction on Friday, December 27th. The shares were acquired at an average price of GBX 24 ($0.30) per share, with a total value of £989.52 ($1,222.23). Insiders purchased a total of 16,874 shares of company stock worth $392,225 in the last 90 days. 51.33% of the stock is owned by company insiders.

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.