Insider Selling: Pharos Energy plc (LON:PHAR) Insider Sells 479,596 Shares of Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett sold 479,596 shares of Pharos Energy stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of GBX 23 ($0.30), for a total value of £110,307.08 ($143,218.75).

Sue Rivett also recently made the following trade(s):

• On Friday, September 27th, Sue Rivett acquired 3,944 shares of Pharos Energy stock. The shares were purchased at an average cost of GBX 25 ($0.32) per share, with a total value of £986 ($1,280.19).
• On Tuesday, August 27th, Sue Rivett bought 3,724 shares of Pharos Energy stock. The stock was purchased at an average cost of GBX 26 ($0.34) per share, for a total transaction of £968.24 ($1,257.13).
• On Monday, July 29th, Sue Rivett purchased 3,682 shares of Pharos Energy stock. The stock was purchased at an average price of GBX 26 ($0.34) per share, with a total value of £957.32 ($1,242.95).

Pharos Energy Stock Up 3.2 %

LON:PHAR opened at GBX 22.80 ($0.30) on Friday. The business’s fifty day moving average price is GBX 24.45 and its 200 day moving average price is GBX 24.08. The firm has a market capitalization of £94.13 million, a price-to-earnings ratio of -755.43, a PEG ratio of -0.02 and a beta of 1.61. The company has a current ratio of 2.84, a quick ratio of 1.72 and a debt-to-equity ratio of 5.01. Pharos Energy plc has a 1-year low of GBX 18.05 ($0.23) and a 1-year high of GBX 27.50 ($0.36).

Pharos Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Thursday, December 19th will be issued a GBX 0.36 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 1.53%. Pharos Energy’s dividend payout ratio is -3,333.33%.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research note on Tuesday, September 10th.

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.