Insider Buying: Pharos Energy (LON:PHAR) Insider Buys 4,408 Shares of Stock

Key Points

• Sue Rivett, an insider at Pharos Energy, purchased 4,408 shares on August 27th at an average price of GBX 22, totaling £969.76, marking a continued investment trend by the insider.
• The company's shares opened at GBX 20.93, reflecting a 2.2% decrease, while Pharos Energy has a market cap of £104.38 million and a price-to-earnings ratio of -2.23.
• Shore Capital recently restated a "house stock" rating on Pharos Energy, indicating continued confidence in the company's long-term prospects.

Pharos Energy plc (LON:PHAR - Get Free Report) insider Sue Rivett acquired 4,408 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average cost of GBX 22 per share, for a total transaction of £969.76.

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

• On Monday, July 28th, Sue Rivett purchased 4,452 shares of Pharos Energy stock. The stock was acquired at an average price of GBX 22 per share, with a total value of £979.44.
• On Friday, June 27th, Sue Rivett bought 4,586 shares of Pharos Energy stock. The shares were bought at an average price of GBX 21 per share, for a total transaction of £963.06.

Pharos Energy Trading Down 2.2%

Shares of LON:PHAR opened at GBX 20.93 on Thursday. The firm has a market cap of £104.38 million, a price-to-earnings ratio of -2.23, a PEG ratio of -0.02 and a beta of 1.61. Pharos Energy plc has a 12 month low of GBX 17.50 and a 12 month high of GBX 27.98. The company's fifty day simple moving average is GBX 21.13 and its 200 day simple moving average is GBX 20.99. The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99.

Analysts Set New Price Targets

Separately, Shore Capital restated a "house stock" rating on shares of Pharos Energy in a report on Thursday, July 17th.

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.

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