Shares of Pharos Energy plc (LON:PHAR - Get Free Report) were up 0.5% during trading on Tuesday . The company traded as high as GBX 19.95 ($0.27) and last traded at GBX 19.25 ($0.26). Approximately 380,492 shares traded hands during trading, a decline of 17% from the average daily volume of 456,038 shares. The stock had previously closed at GBX 19.15 ($0.26).
Analyst Upgrades and Downgrades
Separately, Shore Capital reiterated a "house stock" rating on shares of Pharos Energy in a report on Tuesday, April 1st.
View Our Latest Research Report on PHAR
Pharos Energy Stock Performance
The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. The firm has a fifty day moving average price of GBX 19.91 and a two-hundred day moving average price of GBX 22.36. The stock has a market capitalization of £98.27 million, a PE ratio of -2.10, a P/E/G ratio of -0.02 and a beta of 1.61.
Pharos Energy Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be given a GBX 0.85 ($0.01) dividend. This represents a yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is an increase from Pharos Energy's previous dividend of $0.36. Pharos Energy's dividend payout ratio is -10.64%.
Insiders Place Their Bets
In related news, insider Sue Rivett bought 4,875 shares of Pharos Energy stock in a transaction dated Monday, April 28th. The shares were acquired at an average cost of GBX 20 ($0.27) per share, with a total value of £975 ($1,322.93). Insiders have acquired a total of 12,994 shares of company stock worth $292,356 over the last quarter. Company insiders own 51.33% of the company's stock.
Pharos Energy Company Profile
(
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.
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