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

Shore Capital reaffirmed their house stock rating on shares of Pharos Energy (LON:PHAR - Free Report) in a research report sent to investors on Thursday, Marketbeat.com reports.

Pharos Energy Trading Down 1.4%

Shares of Pharos Energy stock traded down GBX 0.30 ($0.00) on Thursday, reaching GBX 21 ($0.28). The company had a trading volume of 238,744 shares, compared to its average volume of 436,555. The firm's 50 day moving average price is GBX 20.25 and its two-hundred day moving average price is GBX 21.79. The firm has a market cap of £104.76 million, a PE ratio of -2.23, a PEG ratio of -0.02 and a beta of 1.61. 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 debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02.

Insider Activity at Pharos Energy

In other news, insider Katherine Roe purchased 6,925 shares of the stock in a transaction on Friday, June 27th. The stock was bought at an average price of GBX 21 ($0.28) per share, for a total transaction of £1,454.25 ($1,950.70). Also, insider Sue Rivett purchased 4,586 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 £963.06 ($1,291.83). Over the last ninety days, insiders have purchased 28,628 shares of company stock worth $584,071. 51.33% of the stock is owned by 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.