Pharos Energy (LON:PHAR) Reaches New 12-Month High – Still a Buy?
by Danessa Lincoln · The Markets DailyPharos Energy plc (LON:PHAR – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 30.90 and last traded at GBX 30.90, with a volume of 810599 shares trading hands. The stock had previously closed at GBX 28.90.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 38 price target on shares of Pharos Energy in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 46.50.
View Our Latest Report on Pharos Energy
Pharos Energy Trading Down 4.5%
The firm has a market capitalization of £116.70 million, a PE ratio of -17.61, a price-to-earnings-growth ratio of -0.02 and a beta of 0.31. The business has a 50-day moving average of GBX 28.04 and a 200 day moving average of GBX 24.47.
Insiders Place Their Bets
In other Pharos Energy news, insider Sue Rivett acquired 3,546 shares of Pharos Energy stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of GBX 28 per share, for a total transaction of £992.88. Also, insider Katherine Roe acquired 5,355 shares of Pharos Energy stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 28 per share, with a total value of £1,499.40. Insiders acquired a total of 12,383 shares of company stock valued at $346,724 in the last 90 days. 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.