Pharos Energy plc (LON:PHAR) Declares Dividend Increase – GBX 0.85 Per Share

Pharos Energy plc (LON:PHAR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, June 12th will be given a dividend of GBX 0.85 ($0.01) per share on Friday, July 18th. This represents a dividend yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is a 133.3% increase from Pharos Energy’s previous dividend of $0.36. The official announcement can be viewed at this link.

Pharos Energy Trading Down 3.6 %

Shares of PHAR stock opened at GBX 22.26 ($0.29) on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. Pharos Energy has a twelve month low of GBX 19.05 ($0.25) and a twelve month high of GBX 27.98 ($0.36). The company’s 50-day moving average price is GBX 23.94 and its 200-day moving average price is GBX 23.58. The stock has a market cap of £111.04 million, a price-to-earnings ratio of -2.37, a PEG ratio of -0.02 and a beta of 1.61.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Sue Rivett bought 4,123 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of GBX 24 ($0.31) per share, for a total transaction of £989.52 ($1,274.01). Insiders have acquired a total of 11,922 shares of company stock valued at $293,724 in the last quarter. Insiders own 51.33% of the company’s stock.

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.