Pharos Energy (LON:PHAR) Trading 0.5% Higher - Should You Buy?

Pharos Energy plc (LON:PHAR - Get Free Report)'s stock price traded up 0.5% during mid-day trading on Tuesday . The stock traded as high as GBX 19.95 ($0.27) and last traded at GBX 19.25 ($0.26). 380,492 shares were traded during trading, a decline of 17% from the average session volume of 456,038 shares. The stock had previously closed at GBX 19.15 ($0.26).

Wall Street Analysts Forecast Growth

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

Pharos Energy Stock Up 0.5%

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 business has a fifty day simple moving average of GBX 20.11 and a two-hundred day simple moving average of GBX 22.45. The company has a market capitalization of £96.03 million, a price-to-earnings ratio of -2.05, a P/E/G ratio of -0.02 and a beta of 1.61.

Pharos Energy Increases Dividend

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

Insider Buying and Selling

In related news, insider Sue Rivett bought 4,001 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of GBX 24 ($0.32) per share, for a total transaction of £960.24 ($1,285.98). Insiders purchased a total of 12,994 shares of company stock valued at $292,356 over the last three months. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.