Insider Buying: Pharos Energy plc (LON:PHAR) Insider Buys £988.32 in Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 4,118 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,277.89).

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

• On Thursday, February 27th, Sue Rivett acquired 4,001 shares of Pharos Energy stock. The stock was acquired at an average price of GBX 24 ($0.31) per share, for a total transaction of £960.24 ($1,241.58).
• On Thursday, January 23rd, Sue Rivett sold 199,212 shares of Pharos Energy stock. The shares were sold at an average price of GBX 24 ($0.31), for a total value of £47,810.88 ($61,819.08).
• On Monday, January 27th, Sue Rivett purchased 3,798 shares of Pharos Energy stock. The shares were purchased at an average price of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,276.80).

Pharos Energy Stock Performance

Shares of Pharos Energy stock opened at GBX 21.50 ($0.28) on Monday. 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 business’s 50 day moving average price is GBX 23.72 and its 200 day moving average price is GBX 23.52. Pharos Energy plc has a one year low of GBX 19.05 ($0.25) and a one year high of GBX 27.98 ($0.36). The company has a market cap of £107.25 million, a price-to-earnings ratio of -2.29, a PEG ratio of -0.02 and a beta of 1.61.

Pharos Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be paid a GBX 0.85 ($0.01) dividend. This represents a dividend yield of 3.67%. This is an increase from Pharos Energy’s previous dividend of $0.36. The ex-dividend date is Thursday, June 12th. Pharos Energy’s payout ratio is -10.64%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research note on Thursday, January 23rd.

About Pharos Energy

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.