Insider Buying: Pharos Energy plc (LON:PHAR) Insider Acquires £968.24 in Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 3,724 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of GBX 26 ($0.34) per share, for a total transaction of £968.24 ($1,276.86).

Sue Rivett also recently made the following trade(s):

• On Monday, July 29th, Sue Rivett bought 3,682 shares of Pharos Energy stock. The shares were acquired at an average price of GBX 26 ($0.34) per share, for a total transaction of £957.32 ($1,262.46).
• On Thursday, June 27th, Sue Rivett purchased 3,945 shares of Pharos Energy stock. The stock was purchased at an average price of GBX 25 ($0.33) per share, for a total transaction of £986.25 ($1,300.61).

Pharos Energy Stock Performance

Shares of Pharos Energy stock opened at GBX 24.50 ($0.32) on Friday. The company has a market cap of £101.46 million, a PE ratio of -272.22, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. Pharos Energy plc has a 52 week low of GBX 18.05 ($0.24) and a 52 week high of GBX 27.50 ($0.36). The business has a 50 day moving average price of GBX 24.84 and a 200-day moving average price of GBX 22.96. The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Pharos Energy in a report on Thursday, July 18th.

Pharos Energy Company Profile

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.