Shore Capital Reaffirms “House Stock” Rating for Pharos Energy (LON:PHAR)

Shore Capital reaffirmed their house stock rating on shares of Pharos Energy (LON:PHAR) in a research report report published on Monday, MarketBeat Ratings reports.

Pharos Energy Stock Performance

Shares of LON PHAR opened at GBX 22.50 ($0.28) on Monday. 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 firm’s 50-day moving average price is GBX 23.36 and its two-hundred day moving average price is GBX 21.91. Pharos Energy has a 52-week low of GBX 18.05 ($0.23) and a 52-week high of GBX 25.90 ($0.33). The stock has a market capitalization of £93.99 million, a P/E ratio of -250.00, a P/E/G ratio of -0.02 and a beta of 1.60.

Insiders Place Their Bets

In other Pharos Energy news, insider Sue Rivett purchased 4,125 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of GBX 24 ($0.30) per share, with a total value of £990 ($1,252.21). Insiders have acquired 12,083 shares of company stock valued at $293,937 over the last quarter. Insiders own 52.80% of the company’s stock.

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.