Shore Capital Reaffirms “House Stock” Rating for Pharos Energy (LON:PHAR)

Shore Capital reiterated their house stock rating on shares of Pharos Energy (LON:PHAR) in a research note published on Thursday morning, Marketbeat Ratings reports.

Pharos Energy Stock Performance

PHAR stock opened at GBX 25.70 ($0.33) on Thursday. The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99. The company has a market capitalization of £107.36 million, a price-to-earnings ratio of -285.56, a P/E/G ratio of -0.02 and a beta of 1.60. Pharos Energy has a 12 month low of GBX 18.05 ($0.23) and a 12 month high of GBX 25.90 ($0.34). The firm has a 50 day moving average of GBX 23.68 and a two-hundred day moving average of GBX 22.10.

Insiders Place Their Bets

In other Pharos Energy news, insider Sue Rivett bought 3,945 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of GBX 25 ($0.32) per share, with a total value of £986.25 ($1,279.02). Insiders acquired 12,083 shares of company stock valued at $293,937 over the last ninety days. Corporate insiders own 52.80% of the company’s stock.

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.