Pharos Energy (LON:PHAR) Reaches New 12-Month High – Here’s What Happened

Pharos Energy plc (LON:PHAR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 32.80 and last traded at GBX 31.50, with a volume of 37885 shares traded. The stock had previously closed at GBX 31.60.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating and set a GBX 38 target price on shares of Pharos Energy in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pharos Energy presently has a consensus rating of “Buy” and a consensus price target of GBX 46.50.

Pharos Energy Stock Down 0.3%

The firm has a market capitalization of £130.45 million, a PE ratio of -19.69, a PEG ratio of -0.02 and a beta of 0.32. The stock has a 50-day moving average price of GBX 27.07 and a 200 day moving average price of GBX 26.18.

Insiders Place Their Bets

In related news, insider Katherine Roe bought 5,355 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average price of GBX 28 per share, with a total value of £1,499.40. Also, insider Sue Rivett purchased 3,546 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of GBX 28 per share, for a total transaction of £992.88. Corporate insiders own 15.75% 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.