Pharos Energy (LON:PHAR) Stock Price Up 0.3% – Here’s Why

Pharos Energy plc (LON:PHAR) shares traded up 0.3% during mid-day trading on Wednesday . The stock traded as high as GBX 30.40 and last traded at GBX 30.10. 162,796 shares were traded during trading, a decline of 81% from the average daily volume of 878,062 shares. The stock had previously closed at GBX 30.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 38 price objective on shares of Pharos Energy in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Pharos Energy has an average rating of “Buy” and a consensus target price of GBX 46.50.

Pharos Energy Price Performance

The stock has a market cap of £124.65 million, a price-to-earnings ratio of -18.81, a P/E/G ratio of -0.02 and a beta of 0.32. The stock’s 50 day simple moving average is GBX 27.80 and its two-hundred day simple moving average is GBX 27.22.

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.