Pharos Energy (LON:PHAR) Insider Purchases £985.38 in Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett acquired 4,479 shares of Pharos Energy stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average price of GBX 22 per share, with a total value of £985.38.

Sue Rivett also recently made the following trade(s):

• On Tuesday, December 30th, Sue Rivett purchased 5,000 shares of Pharos Energy stock. The stock was acquired at an average price of GBX 19 per share, for a total transaction of £950.
• On Thursday, November 27th, Sue Rivett purchased 4,894 shares of Pharos Energy stock. The shares were acquired at an average cost of GBX 20 per share, with a total value of £978.80.

Pharos Energy Stock Performance

Shares of LON PHAR opened at GBX 21.80 on Friday. The company has a 50 day simple moving average of GBX 20.51 and a two-hundred day simple moving average of GBX 21. The stock has a market cap of £89.93 million, a price-to-earnings ratio of 21.80, a PEG 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. Pharos Energy plc has a 12 month low of GBX 17.50 and a 12 month high of GBX 25.90.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PHAR. Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a research report on Thursday, January 22nd. Peel Hunt restated a “buy” rating and issued a GBX 55 target price on shares of Pharos Energy in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 55.

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.