Pharos Energy (LON:PHAR) Sets New 52-Week High – Here’s What Happened

by · The Cerbat Gem

Shares of Pharos Energy plc (LON:PHAR – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 30.90 and last traded at GBX 30.90, with a volume of 810599 shares changing hands. The stock had previously closed at GBX 28.90.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 38 price objective on shares of Pharos Energy in a research note on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 46.50.

Get Our Latest Stock Report on PHAR

Pharos Energy Price Performance

The business’s 50 day moving average price is GBX 27.96 and its 200-day moving average price is GBX 24.33. The company has a market cap of £127.96 million, a P/E ratio of -19.31, a PEG ratio of -0.02 and a beta of 0.30.

Insider Buying and Selling

In other news, insider Sue Rivett bought 3,546 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of GBX 28 per share, for a total transaction of £992.88. Also, insider Katherine Roe bought 5,355 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of GBX 28 per share, with a total value of £1,499.40. Insiders bought 12,383 shares of company stock valued at $346,724 in the last quarter. 15.75% of the stock is currently owned by corporate insiders.

Pharos Energy Company Profile

(Get Free Report)

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.

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