Pharos Energy (LON:PHAR) Trading Down 1% - Here's Why

Shares of Pharos Energy plc (LON:PHAR - Get Free Report) fell 1% during 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 traded 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).

Analyst Ratings Changes

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

Pharos Energy Stock Performance

The stock's fifty day moving average is GBX 19.46 and its two-hundred day moving average is GBX 22.04. The firm has a market capitalization of £99.27 million, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02.

Pharos Energy Increases Dividend

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

Insider Activity at Pharos Energy

In related news, insider Katherine Roe acquired 7,365 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of GBX 20 ($0.27) per share, with a total value of £1,473 ($1,980.90). Also, insider Sue Rivett sold 563,456 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of GBX 21 ($0.28), for a total transaction of £118,325.76 ($159,125.55). In the last three months, insiders bought 21,235 shares of company stock valued at $441,172. Corporate insiders own 51.33% of the company's stock.

Pharos Energy Company Profile

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.