Shore Capital Reiterates House Stock Rating for Pharos Energy (LON:PHAR)

Pharos Energy (LON:PHAR)‘s stock had its “house stock” rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Monday, Digital Look reports.

Pharos Energy Price Performance

Shares of LON:PHAR opened at GBX 23.14 ($0.29) on Monday. The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. Pharos Energy has a 1-year low of GBX 18.05 ($0.23) and a 1-year high of GBX 25.90 ($0.33). The company has a market capitalization of £96.67 million, a P/E ratio of -257.11, a P/E/G ratio of -0.02 and a beta of 1.60. The firm’s 50 day simple moving average is GBX 23.38 and its two-hundred day simple moving average is GBX 21.89.

Insider Activity at Pharos Energy

In related news, insider Sue Rivett sold 68,491 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of £15,493.14 ($19,653.86), for a total transaction of £1,061,140,651.74 ($1,346,112,713.10). Insiders have acquired a total of 12,083 shares of company stock valued at $293,937 over the last 90 days. 52.80% of the stock is owned by corporate insiders.

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.