Sue Rivett Buys 3,944 Shares of Pharos Energy plc (LON:PHAR) Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 3,944 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of GBX 25 ($0.33) per share, for a total transaction of £986 ($1,318.89).

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

• On Tuesday, August 27th, Sue Rivett bought 3,724 shares of Pharos Energy stock. The shares were bought at an average price of GBX 26 ($0.35) per share, with a total value of £968.24 ($1,295.13).
• On Monday, July 29th, Sue Rivett purchased 3,682 shares of Pharos Energy stock. The stock was purchased at an average price of GBX 26 ($0.35) per share, for a total transaction of £957.32 ($1,280.52).

Pharos Energy Price Performance

Shares of LON:PHAR opened at GBX 23 ($0.31) on Wednesday. The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99. The stock has a market capitalization of £95.08 million, a PE ratio of -766.67, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61. The firm’s 50 day moving average price is GBX 25.05 and its 200-day moving average price is GBX 23.77. Pharos Energy plc has a twelve month low of GBX 18.05 ($0.24) and a twelve month high of GBX 27.50 ($0.37).

Pharos Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Thursday, December 19th will be issued a dividend of GBX 0.36 ($0.00) per share. The ex-dividend date is Thursday, December 19th. This represents a yield of 1.53%. Pharos Energy’s dividend payout ratio is currently -6,666.67%.

Wall Street Analysts Forecast Growth

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

Pharos Energy Company Profile

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.