Pharos Energy (LON:PHAR) Stock Price Up 3.5% - Still a Buy?

Key Points

• Pharos Energy's stock increased by 3.5% on Tuesday, trading at GBX 20.90 ($0.28) with a notable decline in trading volume compared to its average.
• Analyst firm Shore Capital has reissued a "house stock" rating for Pharos Energy, indicating ongoing interest from market analysts.
• Insiders have been active in purchasing shares recently, acquiring a total of 33,434 shares valued at $735,548 over the past ninety days, reflecting confidence in the company's prospects.

Pharos Energy plc (LON:PHAR - Get Free Report) rose 3.5% on Tuesday . The company traded as high as GBX 21.13 ($0.28) and last traded at GBX 20.90 ($0.28). Approximately 182,695 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 383,992 shares. The stock had previously closed at GBX 20.20 ($0.27).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "house stock" rating on shares of Pharos Energy in a report on Tuesday.

Pharos Energy Stock Performance

The company has a market capitalization of £86.22 million, a P/E ratio of 20.90, a PEG ratio of -0.02 and a beta of 1.61. The stock has a fifty day simple moving average of GBX 21.50 and a 200-day simple moving average of GBX 20.62. The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99.

Insider Transactions at Pharos Energy

In other Pharos Energy news, insider Sue Rivett purchased 4,459 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average cost of GBX 22 per share, with a total value of £980.98. Also, insider Katherine Roe purchased 6,734 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average cost of GBX 22 per share, with a total value of £1,481.48. Insiders purchased 33,434 shares of company stock valued at $735,548 over the last ninety days. 16.45% of the stock is currently owned by company 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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