Pharos Energy plc (LON:PHAR) Insider Purchases £967.47 in Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 4,607 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average price of GBX 21 ($0.27) per share, for a total transaction of £967.47 ($1,222.63).

Pharos Energy Stock Down 0.5 %

Shares of LON:PHAR opened at GBX 21 ($0.27) on Friday. The firm has a market capitalization of £88.48 million, a PE ratio of -262.50, a price-to-earnings-growth ratio of -0.02 and a beta of 1.64. The business has a 50 day simple moving average of GBX 20.24 and a two-hundred day simple moving average of GBX 21.55. Pharos Energy plc has a 1 year low of GBX 18.05 ($0.23) and a 1 year high of GBX 25 ($0.32). The company has a debt-to-equity ratio of 17.55, a current ratio of 1.87 and a quick ratio of 1.72.

Pharos Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 13th will be issued a dividend of GBX 0.77 ($0.01) per share. The ex-dividend date is Thursday, June 13th. This represents a yield of 3.67%. This is a boost from Pharos Energy’s previous dividend of $0.33. Pharos Energy’s payout ratio is presently -1,250.00%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research note on Wednesday.

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.