Insider Buying: Pharos Energy plc (LON:PHAR) Insider Acquires 4,125 Shares of Stock

Posted by Alphonse Anthony on May 2nd, 2024

Pharos Energy plc (LON:PHAR – Get Free Report) insider Sue Rivett bought 4,125 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of GBX 24 ($0.30) per share, for a total transaction of £990 ($1,243.56).

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

On Wednesday, March 27th, Sue Rivett acquired 4,607 shares of Pharos Energy stock. The shares were purchased at an average cost of GBX 21 ($0.26) per share, with a total value of £967.47 ($1,215.26).

Pharos Energy Price Performance

The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. The stock has a market cap of £96.78 million, a price-to-earnings ratio of -255.58, a P/E/G ratio of -0.02 and a beta of 1.64. Pharos Energy plc has a 1 year low of GBX 18.05 ($0.23) and a 1 year high of GBX 25 ($0.31). The stock has a fifty day moving average price of GBX 21.16 and a 200-day moving average price of GBX 21.53.

Pharos Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 13th will be paid a dividend of GBX 0.77 ($0.01) per share. This is a boost from Pharos Energy’s previous dividend of $0.33. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 3.67%. Pharos Energy’s dividend payout ratio is currently -2,222.22%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a research note on Wednesday, March 27th.

Check Out Our Latest Stock Analysis on Pharos Energy

Pharos Energy Company Profile

(Get Free Report)

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.