Shore Capital reaffirmed their not rated rating on shares of Pharos Energy (LON:PHAR) in a report released on Wednesday morning, Digital Look reports.
Several other analysts have also issued reports on PHAR. JPMorgan Chase & Co. reduced their target price on Pharos Energy from GBX 60 ($0.74) to GBX 35 ($0.43) and set a neutral rating on the stock in a report on Wednesday, May 13th. Peel Hunt reissued a buy rating on shares of Pharos Energy in a report on Thursday, July 9th.
PHAR stock opened at GBX 14.10 ($0.17) on Wednesday. The company has a debt-to-equity ratio of 20.64, a current ratio of 1.64 and a quick ratio of 1.29. The stock has a market capitalization of $56.05 million and a price-to-earnings ratio of -2.17. The business’s fifty day moving average price is GBX 16.27 and its two-hundred day moving average price is GBX 23.03. Pharos Energy has a fifty-two week low of GBX 0.17 ($0.00) and a fifty-two week high of GBX 69 ($0.85).
Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company has production, development, and exploration interests in Vietnam and Egypt. It holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, offshore southern Vietnam; a 25% working interest in the Ca Ngu Vang field of Block 9-2 situated in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt.
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