Insider Buying: Pharos Energy plc (LON:PHAR) Insider Buys 7,365 Shares of Stock

Pharos Energy plc (LON:PHAR - Get Free Report) insider Katherine Roe acquired 7,365 shares of the stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of GBX 20 ($0.27) per share, for a total transaction of £1,473 ($1,981.97).

Pharos Energy Stock Performance

Shares of PHAR stock remained flat at GBX 19.50 ($0.26) during mid-day trading on Friday. 684,732 shares of the stock were exchanged, compared to its average volume of 446,172. 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 stock has a market cap of £97.27 million, a price-to-earnings ratio of -2.07, a PEG ratio of -0.02 and a beta of 1.61. Pharos Energy plc has a 12-month low of GBX 17.50 ($0.24) and a 12-month high of GBX 27.98 ($0.38). The firm's 50 day moving average price is GBX 19.78 and its 200 day moving average price is GBX 22.30.

Pharos Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.