Pharos Energy plc (LON:PHAR - Get Free Report)'s share price was up 10.9% during trading on Thursday . The company traded as high as GBX 20.40 ($0.27) and last traded at GBX 20.40 ($0.27). Approximately 229,018 shares traded hands during trading, a decline of 24% from the average daily volume of 302,688 shares. The stock had previously closed at GBX 18.40 ($0.25).
Wall Street Analyst Weigh In
Separately, Shore Capital restated a "house stock" rating on shares of Pharos Energy in a research report on Tuesday, April 1st.
View Our Latest Stock Report on PHAR
Pharos Energy Price Performance
The firm has a market capitalization of £96.03 million, a P/E ratio of -2.05, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The firm has a 50 day moving average price of GBX 21.79 and a 200-day moving average price of GBX 22.95.
Pharos Energy Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be paid 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 of this dividend is Thursday, June 12th. Pharos Energy's payout ratio is presently -10.64%.
Insider Buying and Selling
In related news, insider Sue Rivett sold 563,456 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of GBX 21 ($0.28), for a total value of £118,325.76 ($158,337.70). In the last ninety days, insiders bought 11,917 shares of company stock valued at $293,604. Company insiders own 51.33% of the company's stock.
About Pharos Energy
(
Get Free Report)
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.
Further Reading
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