Pharos Energy (LON:PHAR) Trading Up 0.2%

Pharos Energy plc (LON:PHAR) shares traded up 0.2% during mid-day trading on Thursday . The stock traded as high as GBX 23.80 ($0.30) and last traded at GBX 23.60 ($0.29). 86,053 shares were traded during mid-day trading, a decline of 65% from the average session volume of 249,238 shares. The stock had previously closed at GBX 23.55 ($0.29).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a research report on Wednesday, March 27th.

Pharos Energy Stock Up 0.2 %

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 £99.29 million, a price-to-earnings ratio of -262.22, a P/E/G ratio of -0.02 and a beta of 1.64. The firm has a 50-day moving average price of GBX 20.64 and a 200 day moving average price of GBX 21.48.

Pharos Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 13th will be given a dividend of GBX 0.77 ($0.01) per share. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Pharos Energy’s previous dividend of $0.33. Pharos Energy’s dividend payout ratio is presently -2,222.22%.

Insider Activity

In related news, insider Sue Rivett bought 4,607 shares of Pharos Energy stock in a transaction dated Wednesday, March 27th. The shares were bought at an average cost of GBX 21 ($0.26) per share, with a total value of £967.47 ($1,204.37). In other Pharos Energy news, insider Jann M. Brown bought 33,305 shares of Pharos Energy stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of GBX 20 ($0.25) per share, with a total value of £6,661 ($8,292.05). Also, insider Sue Rivett acquired 4,607 shares of Pharos Energy stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average cost of GBX 21 ($0.26) per share, for a total transaction of £967.47 ($1,204.37). Over the last ninety days, insiders acquired 68,133 shares of company stock worth $1,427,709. Corporate insiders own 52.62% of the company’s stock.

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.