Pharos Energy plc (LON:PHAR) Insider Buys £1,460.04 in Stock

Pharos Energy plc (LON:PHAR) insider Katherine Roe acquired 6,348 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of GBX 23 ($0.29) per share, for a total transaction of £1,460.04 ($1,853.31).

Katherine Roe also recently made the following trade(s):

• On Monday, October 28th, Katherine Roe bought 6,403 shares of Pharos Energy stock. The stock was purchased at an average cost of GBX 23 ($0.29) per share, for a total transaction of £1,472.69 ($1,869.37).

Pharos Energy Stock Performance

LON PHAR opened at GBX 22.45 ($0.28) on Friday. The stock has a market cap of £92.68 million, a PE ratio of -733.33, a P/E/G ratio of -0.02 and a beta of 1.61. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.72 and a current ratio of 2.84. The firm has a 50-day moving average of GBX 22.95 and a 200-day moving average of GBX 23.92. Pharos Energy plc has a 52-week low of GBX 18.05 ($0.23) and a 52-week high of GBX 27.50 ($0.35).

Pharos Energy Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Thursday, December 19th will be issued a GBX 0.36 ($0.00) dividend. The ex-dividend date is Thursday, December 19th. This represents a yield of 1.53%. Pharos Energy’s dividend payout ratio is currently -3,333.33%.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a research report on Tuesday, September 10th.

About Pharos Energy

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.