Pharos Energy’s (PHAR) House Stock Rating Reaffirmed at Shore Capital

Shore Capital reiterated their house stock rating on shares of Pharos Energy (LON:PHAR) in a report released on Tuesday morning, MarketBeat Ratings reports.

Pharos Energy Price Performance

LON PHAR opened at GBX 25.50 ($0.33) on Tuesday. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02. The firm’s 50 day moving average price is GBX 25.15 and its 200-day moving average price is GBX 23.27. Pharos Energy has a 52-week low of GBX 18.05 ($0.24) and a 52-week high of GBX 27.50 ($0.36). The company has a market cap of £105.52 million, a PE ratio of -283.33, a P/E/G ratio of -0.02 and a beta of 1.61.

Insider Activity

In other news, insider Sue Rivett bought 3,682 shares of the stock in a transaction on Monday, July 29th. The stock was bought at an average cost of GBX 26 ($0.34) per share, for a total transaction of £957.32 ($1,251.89). Over the last ninety days, insiders have acquired 11,351 shares of company stock worth $291,181. Corporate insiders own 52.85% 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.