Pharos Energy (LON:PHAR) Earns “House Stock” Rating from Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Pharos Energy (LON:PHAR) in a research report released on Tuesday morning, MarketBeat.com reports.

Pharos Energy Stock Performance

Shares of LON PHAR opened at GBX 24.30 ($0.32) on Tuesday. The firm has a market capitalization of £100.55 million, a price-to-earnings ratio of -270.00, a PEG ratio of -0.02 and a beta of 1.61. Pharos Energy has a one year low of GBX 18.05 ($0.24) and a one year high of GBX 27.50 ($0.36). The business has a fifty day simple moving average of GBX 25.23 and a 200 day simple moving average of GBX 23.32. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99.

Insider Transactions at Pharos Energy

In other Pharos Energy news, insider Sue Rivett bought 3,682 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of GBX 26 ($0.34) per share, with a total value of £957.32 ($1,251.89). In the last three months, insiders acquired 11,351 shares of company stock valued at $291,181. Company insiders own 52.85% of the company’s stock.

Pharos Energy Company Profile

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.