Pharos Energy plc (LON:PHAR) Plans Dividend of GBX 0.85

Pharos Energy plc (LON:PHAR) announced a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, June 12th will be paid a dividend of GBX 0.85 ($0.01) per share on Friday, July 18th. This represents a yield of 3.67%. The ex-dividend date is Thursday, June 12th. This is a 133.3% increase from Pharos Energy’s previous dividend of $0.36. The official announcement can be seen at this link.

Pharos Energy Stock Down 4.8 %

Shares of PHAR traded down GBX 1.10 ($0.01) during midday trading on Wednesday, reaching GBX 22 ($0.28). 343,845 shares of the company were exchanged, compared to its average volume of 328,244. Pharos Energy has a 1-year low of GBX 19.05 ($0.25) and a 1-year high of GBX 27.98 ($0.36). The stock has a 50-day moving average price of GBX 24.05 and a 200-day moving average price of GBX 23.59. The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The company has a market cap of £109.75 million, a price-to-earnings ratio of -2.34, a P/E/G ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In other news, insider Sue Rivett purchased 3,798 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of GBX 26 ($0.34) per share, for a total transaction of £987.48 ($1,278.46). Insiders have purchased 11,922 shares of company stock valued at $293,724 over the last ninety days. Corporate insiders own 51.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Pharos Energy Company Profile

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.