Pharos Energy plc (LON:PHAR) Insider Katherine Roe Purchases 6,403 Shares

Pharos Energy plc (LON:PHAR) insider Katherine Roe bought 6,403 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average cost of GBX 23 ($0.30) per share, with a total value of £1,472.69 ($1,909.86).

Pharos Energy Stock Performance

PHAR stock opened at GBX 21.60 ($0.28) on Thursday. The stock has a 50-day moving average price of GBX 24.21 and a 200-day moving average price of GBX 24.09. 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). The company has a current ratio of 2.84, a quick ratio of 1.72 and a debt-to-equity ratio of 5.01. The firm has a market cap of £89.17 million, a PE ratio of -720.00, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Pharos Energy Cuts Dividend

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

Analyst Ratings Changes

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