Pharos Energy (LON:PHAR) Hits New 52-Week High – What’s Next?

Pharos Energy plc (LON:PHAR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 28 and last traded at GBX 27.75, with a volume of 631118 shares. The stock had previously closed at GBX 27.20.

Analyst Ratings Changes

A number of brokerages have weighed in on PHAR. Peel Hunt reiterated a “buy” rating and set a GBX 55 price target on shares of Pharos Energy in a research report on Tuesday, December 9th. Shore Capital Group reiterated a “house stock” rating on shares of Pharos Energy in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 55.

Pharos Energy Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 5.25 and a quick ratio of 1.72. The company’s 50 day simple moving average is GBX 23.03 and its 200 day simple moving average is GBX 21.61. The company has a market capitalization of £114.48 million, a PE ratio of 27.75, a price-to-earnings-growth ratio of -0.02 and a beta of 0.50.

Insider Activity

In related news, insider Katherine Roe bought 6,764 shares of the stock in a transaction on Tuesday, January 27th. The shares were bought at an average cost of GBX 22 per share, for a total transaction of £1,488.08. Also, insider Sue Rivett sold 4,030 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of GBX 24, for a total value of £967.20. Insiders have bought 23,795 shares of company stock valued at $485,834 in the last quarter. Insiders own 16.44% of the company’s stock.

About Pharos Energy

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.