Pharos Energy (LON:PHAR) Stock Price Down 1% - Should You Sell?

Pharos Energy plc (LON:PHAR - Get Free Report)'s share price traded down 1% during mid-day trading on Wednesday . The company traded as low as GBX 19.05 ($0.26) and last traded at GBX 19.25 ($0.26). 105,045 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 454,657 shares. The stock had previously closed at GBX 19.45 ($0.26).

Analysts Set New Price Targets

Separately, Shore Capital restated a "house stock" rating on shares of Pharos Energy in a report on Tuesday, April 1st.

Pharos Energy Price Performance

The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99. The company has a market cap of £96.03 million, a PE ratio of -2.05, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The business's 50 day moving average price is GBX 19.48 and its 200-day moving average price is GBX 22.08.

Pharos Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be given a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 3.67%. This is an increase from Pharos Energy's previous dividend of $0.36. Pharos Energy's dividend payout ratio (DPR) is presently -10.64%.

Insider Transactions at Pharos Energy

In other news, insider Sue Rivett sold 563,456 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of GBX 21 ($0.28), for a total transaction of £118,325.76 ($158,783.90). Also, insider Katherine Roe purchased 7,365 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of GBX 20 ($0.27) per share, with a total value of £1,473 ($1,976.65). Over the last quarter, insiders purchased 21,235 shares of company stock valued at $441,172. 51.33% of the stock is currently 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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