Pharos Energy (LON:PHAR) Stock Price Up 1% – Still a Buy?

Shares of Pharos Energy plc (LON:PHAR – Get Free Report) were up 1% on Thursday . The stock traded as high as GBX 30.50 and last traded at GBX 30. Approximately 54,673 shares were traded during mid-day trading, a decline of 94% from the average session volume of 871,598 shares. The stock had previously closed at GBX 29.70.

Analysts Set New Price Targets

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

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Pharos Energy Trading Up 1.0%

The company has a market cap of £124.24 million, a price-to-earnings ratio of -18.75, a P/E/G ratio of -0.02 and a beta of 0.32. The stock’s 50-day moving average is GBX 29.34 and its 200-day moving average is GBX 27.94.

Pharos Energy Company Profile

(Get Free Report)

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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