Pharos Energy (LON:PHAR) Stock Price Down 1.2% – Here’s Why

Pharos Energy plc (LON:PHAR) fell 1.2% during mid-day trading on Thursday . The company traded as low as GBX 25.20 and last traded at GBX 25.30. 724,011 shares traded hands during trading, an increase of 8% from the average daily volume of 669,641 shares. The stock had previously closed at GBX 25.60.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 38 price target on shares of Pharos Energy in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pharos Energy presently has an average rating of “Buy” and a consensus target price of GBX 46.50.

Pharos Energy Price Performance

The company has a 50-day moving average of GBX 26.76 and a two-hundred day moving average of GBX 25.63. The stock has a market capitalization of £104.77 million, a PE ratio of -15.81, a P/E/G ratio of -0.02 and a beta of 0.32.

Insider Transactions at Pharos Energy

In related news, insider Katherine Roe acquired 5,355 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of GBX 28 per share, for a total transaction of £1,499.40. Also, insider Sue Rivett acquired 3,546 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of GBX 28 per share, for a total transaction of £992.88. In the last ninety days, insiders have bought 12,383 shares of company stock valued at $346,724. Corporate insiders own 15.75% of the company’s stock.

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.