Pharos Energy plc (LON:PHAR) Insider Sue Rivett Purchases 4,118 Shares

Pharos Energy plc (LON:PHAR) insider Sue Rivett bought 4,118 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of GBX 24 ($0.31) per share, for a total transaction of £988.32 ($1,277.89).

Sue Rivett also recently made the following trade(s):

• On Thursday, February 27th, Sue Rivett acquired 4,001 shares of Pharos Energy stock. The shares were bought at an average price of GBX 24 ($0.31) per share, with a total value of £960.24 ($1,241.58).
• On Thursday, January 23rd, Sue Rivett sold 199,212 shares of Pharos Energy stock. The stock was sold at an average price of GBX 24 ($0.31), for a total value of £47,810.88 ($61,819.08).
• On Monday, January 27th, Sue Rivett acquired 3,798 shares of Pharos Energy stock. The stock was acquired at an average price of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,276.80).

Pharos Energy Stock Down 6.1 %

PHAR opened at GBX 21.50 ($0.28) on Monday. The firm has a market cap of £107.25 million, a P/E ratio of -2.29, a PEG ratio of -0.02 and a beta of 1.61. Pharos Energy plc has a 52 week low of GBX 19.05 ($0.25) and a 52 week high of GBX 27.98 ($0.36). The company has a quick ratio of 1.72, a current ratio of 2.02 and a debt-to-equity ratio of 14.99. The business’s fifty day simple moving average is GBX 23.72 and its 200 day simple moving average is GBX 23.52.

Pharos Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be given a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is an increase from Pharos Energy’s previous dividend of $0.36. Pharos Energy’s payout ratio is -10.64%.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a report on Thursday, January 23rd.

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.