Shore Capital Reiterates "House Stock" Rating for Pharos Energy (LON:PHAR)

Shore Capital reissued their house stock rating on shares of Pharos Energy (LON:PHAR - Free Report) in a research note released on Thursday morning, MarketBeat Ratings reports.

Pharos Energy Stock Down 1.4%

Shares of Pharos Energy stock traded down GBX 0.30 ($0.00) during trading on Thursday, reaching GBX 21 ($0.28). The stock had a trading volume of 238,744 shares, compared to its average volume of 436,555. Pharos Energy has a 52 week low of GBX 17.50 ($0.23) and a 52 week high of GBX 27.98 ($0.38). The company has a market capitalization of £104.76 million, a price-to-earnings ratio of -2.23, a P/E/G 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 stock has a fifty day moving average price of GBX 20.24 and a two-hundred day moving average price of GBX 21.83.

Insider Activity

In other Pharos Energy news, insider Katherine Roe purchased 6,925 shares of the stock in a transaction on Friday, June 27th. The shares were purchased at an average price of GBX 21 ($0.28) per share, with a total value of £1,454.25 ($1,952.01). Also, insider Sue Rivett purchased 4,586 shares of the stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of GBX 21 ($0.28) per share, for a total transaction of £963.06 ($1,292.70). Insiders have purchased 28,628 shares of company stock worth $584,071 in the last quarter. 51.33% of the stock is currently owned by corporate insiders.

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.