Pharos Energy (LON:PHAR) Hits New 1-Year High – Here’s What Happened

Pharos Energy plc (LON:PHAR) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 29.80 and last traded at GBX 28, with a volume of 548576 shares traded. The stock had previously closed at GBX 28.20.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Pharos Energy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 55.

Pharos Energy Stock Performance

The firm’s 50-day moving average is GBX 26.85 and its 200 day moving average is GBX 22.94. The firm has a market capitalization of £115.95 million, a PE ratio of -17.50, a price-to-earnings-growth ratio of -0.02 and a beta of 0.33.

Insider Activity at Pharos Energy

In other Pharos Energy news, insider Sue Rivett acquired 3,482 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of GBX 28 per share, for a total transaction of £974.96. 16.44% of the stock is owned by corporate 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.