Pharos Energy (LON:PHAR) Reaches New 12-Month High – Here’s What Happened
by Sarita Garza · The Markets DailyPharos Energy plc (LON:PHAR – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 29.50 and last traded at GBX 28.90, with a volume of 1243844 shares traded. The stock had previously closed at GBX 28.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on PHAR shares. Shore Capital Group reiterated a “house stock” rating on shares of Pharos Energy in a research report on Thursday, January 22nd. Peel Hunt restated a “buy” rating and set a GBX 55 target price on shares of Pharos Energy in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Pharos Energy presently has a consensus rating of “Buy” and an average price target of GBX 55.
Check Out Our Latest Stock Report on PHAR
Pharos Energy Stock Performance
The stock has a market capitalization of £113.86 million, a P/E ratio of 27.60, a price-to-earnings-growth ratio of -0.02 and a beta of 0.50. The firm has a 50-day moving average price of GBX 24.37 and a 200 day moving average price of GBX 22.02.
Insider Activity at Pharos Energy
In other news, insider Sue Rivett sold 4,030 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of GBX 24, for a total value of £967.20. Also, insider Katherine Roe acquired 6,764 shares of the stock in a transaction dated Tuesday, January 27th. The stock was acquired at an average price of GBX 22 per share, with a total value of £1,488.08. 16.44% of the stock is owned by corporate insiders.
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.