Pharos Energy (LON:PHAR) Reaches New 1-Year High – Should You Buy?

Pharos Energy plc (LON:PHAR)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 32.80 and last traded at GBX 31.50, with a volume of 37885 shares trading hands. The stock had previously closed at GBX 31.60.

Wall Street Analyst Weigh In

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

Pharos Energy Stock Performance

The stock has a market cap of £130.45 million, a P/E ratio of -19.69, a P/E/G ratio of -0.02 and a beta of 0.32. The business’s 50-day moving average price is GBX 27.07 and its 200-day moving average price is GBX 26.18.

Insider Buying and Selling

In related news, insider Katherine Roe purchased 5,355 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of GBX 28 per share, for a total transaction of £1,499.40. Also, insider Sue Rivett acquired 3,546 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of GBX 28 per share, with a total value of £992.88. Corporate insiders own 15.75% 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.