Pharos Energy (LON:PHAR – Get Free Report)‘s stock had its “house stock” rating reissued by Shore Capital Group in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 38 target price on the stock. Shore Capital Group’s price target points to a potential upside of 30.53% from the company’s current price.
Pharos Energy Trading Up 0.7%
Shares of PHAR opened at GBX 29.11 on Monday. Pharos Energy has a 1 year low of GBX 18.25 and a 1 year high of GBX 31. The stock has a market cap of £120.55 million, a P/E ratio of -18.19, a price-to-earnings-growth ratio of -0.02 and a beta of 0.30. The stock’s 50-day moving average price is GBX 27.91 and its two-hundred day moving average price is GBX 24.20.
Insider Activity
In other Pharos Energy news, insider Sue Rivett acquired 3,546 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of GBX 28 per share, for a total transaction of £992.88. Also, insider Katherine Roe acquired 5,355 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of GBX 28 per share, for a total transaction of £1,499.40. Insiders have bought a total of 12,383 shares of company stock worth $346,724 in the last quarter. 15.75% of the stock is currently 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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