Shore Capital Reaffirms House Stock Rating for Pharos Energy (LON:PHAR)

Shore Capital reissued their house stock rating on shares of Pharos Energy (LON:PHAR) in a research report released on Tuesday morning, MarketBeat reports.

Pharos Energy Trading Down 1.6 %

Shares of LON:PHAR opened at GBX 24.60 ($0.32) on Tuesday. Pharos Energy has a 52 week low of GBX 18.05 ($0.24) and a 52 week high of GBX 27.50 ($0.36). The company’s 50 day moving average is GBX 25.21 and its two-hundred day moving average is GBX 23.29. 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 company has a market cap of £101.79 million, a PE ratio of -273.33, a P/E/G ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In related news, insider Sue Rivett bought 3,682 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of GBX 26 ($0.34) per share, with a total value of £957.32 ($1,251.89). Insiders have purchased 11,351 shares of company stock valued at $291,181 in the last ninety days. Insiders own 52.85% of the company’s stock.

About Pharos Energy

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.