Pharos Energy (LON:PHAR) Earns House Stock Rating from Shore Capital

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reissued by equities researchers at Shore Capital in a report released on Thursday, MarketBeat Ratings reports.

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

Pharos Energy Stock Performance

Shares of PHAR stock opened at GBX 21.20 on Thursday. The firm has a market cap of £87.46 million, a price-to-earnings ratio of 21.20, a PEG ratio of -0.02 and a beta of 1.61. Pharos Energy has a 52-week low of GBX 17.50 and a 52-week high of GBX 25.90. 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’s 50 day moving average is GBX 20.37 and its 200 day moving average is GBX 20.98.

Insiders Place Their Bets

In other Pharos Energy news, insider Katherine Roe bought 7,552 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were purchased at an average cost of GBX 19 per share, for a total transaction of £1,434.88. Also, insider Sue Rivett bought 5,000 shares of Pharos Energy stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average cost of GBX 19 per share, for a total transaction of £950. Insiders bought a total of 35,934 shares of company stock valued at $728,324 in the last three months. Insiders own 16.43% of the company’s stock.

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.