Pharos Energy (LON:PHAR) Stock Price Down 0.4% – What’s Next?

Pharos Energy plc (LON:PHAR)’s stock price fell 0.4% on Friday . The company traded as low as GBX 21 ($0.27) and last traded at GBX 22.40 ($0.29). 157,896 shares traded hands during trading, a decline of 51% from the average session volume of 324,836 shares. The stock had previously closed at GBX 22.50 ($0.29).

Analysts Set New Price Targets

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

Pharos Energy Trading Down 0.4 %

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 business’s 50-day moving average is GBX 24.29 and its two-hundred day moving average is GBX 23.66. The firm has a market cap of £111.74 million, a P/E ratio of -2.38, a P/E/G ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In other news, insider Sue Rivett bought 3,798 shares of Pharos Energy stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of GBX 26 ($0.34) per share, with a total value of £987.48 ($1,274.99). Insiders acquired a total of 11,922 shares of company stock valued at $293,724 in the last quarter. Insiders own 51.33% of the company’s stock.

Pharos Energy Company Profile

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.