Pharos Energy (LON:PHAR) Hits New 52-Week High - What's Next?

Key Points

• Pharos Energy hit a new 52-week high, rising as high as GBX 29.50 intraday and last trading at GBX 28 on volume of 810,201 shares.
• Analyst view: Shore Capital reissued a "house stock" rating, and MarketBeat shows an average Buy rating with a consensus price target of GBX 55.
• Fundamentals and insider moves: market cap £115.95M, a negative P/E of -17.50, 50- and 200-day moving averages of GBX 25.54 and GBX 22.37, and insiders hold 16.44% after recent buy and sell transactions.

Shares of Pharos Energy plc (LON:PHAR - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 29.50 and last traded at GBX 28, with a volume of 810201 shares traded. The stock had previously closed at GBX 28.40.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a "house stock" rating on shares of Pharos Energy in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pharos Energy currently has an average rating of "Buy" and an average price target of GBX 55.

Pharos Energy Stock Performance

The business's 50 day moving average price is GBX 25.54 and its 200-day moving average price is GBX 22.37. The firm has a market capitalization of £115.95 million, a PE ratio of -17.50, a P/E/G ratio of -0.02 and a beta of 0.33.

Insider Activity at Pharos Energy

In related news, insider Sue Rivett sold 4,030 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of GBX 24, for a total transaction of £967.20. Also, insider Katherine Roe bought 6,764 shares of the business's stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average cost of GBX 22 per share, for a total transaction of £1,488.08. 16.44% of the stock is owned by corporate insiders.

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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