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

Key Points

• Shore Capital has restated its "house stock" rating for Pharos Energy, indicating ongoing confidence in the company's prospects.
• Pharos Energy shares opened at GBX 20.99 and have a market cap of £86.57 million, with a notable debt-to-equity ratio of 14.99.
• Insider transactions have occurred recently, with key executives purchasing a total of 33,434 shares at an average price of GBX 22, meaning insiders own 16.45% of the company.

Pharos Energy (LON:PHAR - Get Free Report)'s stock had its "house stock" rating restated by analysts at Shore Capital in a research note issued to investors on Tuesday,Digital Look reports.

Pharos Energy Price Performance

Pharos Energy stock opened at GBX 20.99 on Tuesday. Pharos Energy has a 1 year low of GBX 17.50 and a 1 year high of GBX 27.98. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02. The firm has a 50 day moving average price of GBX 21.50 and a 200 day moving average price of GBX 20.61. The company has a market cap of £86.57 million, a price-to-earnings ratio of 20.99, a PEG ratio of -0.02 and a beta of 1.61.

Insider Buying and Selling at Pharos Energy

In other news, insider Katherine Roe acquired 6,734 shares of the business's stock in a transaction dated Monday, September 29th. The shares were bought at an average cost of GBX 22 per share, for a total transaction of £1,481.48. Also, insider Sue Rivett acquired 4,459 shares of Pharos Energy stock in a transaction dated Monday, September 29th. The stock was purchased at an average cost of GBX 22 per share, for a total transaction of £980.98. Insiders purchased a total of 33,434 shares of company stock worth $735,548 over the last ninety days. Corporate insiders own 16.45% 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.

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