Pharos Energy plc (LON:PHAR – Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as GBX 31 and last traded at GBX 29.20, with a volume of 1465647 shares changing hands. The stock had previously closed at GBX 28.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group reissued a “house stock” rating and set a GBX 36 price target on shares of Pharos Energy in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 45.50.
View Our Latest Report on PHAR
Pharos Energy Price Performance
Insider Buying and Selling at Pharos Energy
In other news, insider Sue Rivett purchased 3,482 shares of Pharos Energy stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of GBX 28 per share, with a total value of £974.96. 16.44% of the stock is owned by company insiders.
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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