Pharos Energy’s (PHAR) “House Stock” Rating Reiterated at Shore Capital

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reaffirmed by Shore Capital in a note issued to investors on Thursday, MarketBeat.com reports.

Separately, Peel Hunt restated a “buy” rating and set a GBX 55 price objective on shares of Pharos Energy in a research report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 55.

Pharos Energy Price Performance

Shares of LON PHAR opened at GBX 21.30 on Thursday. The stock’s 50-day moving average is GBX 20.33 and its two-hundred day moving average is GBX 20.98. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. The company has a market cap of £87.86 million, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. Pharos Energy has a 1-year low of GBX 17.50 and a 1-year high of GBX 26.71.

Insiders Place Their Bets

In related news, insider Sue Rivett purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was acquired at an average price of GBX 19 per share, for a total transaction of £950. Also, insider Katherine Roe acquired 7,552 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average cost of GBX 19 per share, for a total transaction of £1,434.88. Over the last ninety days, insiders have bought 35,934 shares of company stock worth $728,324. Corporate insiders own 16.43% 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.