Pharos Energy (LON:PHAR) Stock Rating Reaffirmed by Shore Capital

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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 Company Profile

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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