Pharos Energy plc (PHAR) to Issue Dividend of GBX 0.77 on July 19th

Pharos Energy plc (LON:PHAR) announced a dividend on Wednesday, March 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 0.77 ($0.01) per share on Friday, July 19th. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Pharos Energy’s previous dividend of $0.33. The official announcement can be accessed at this link.

Pharos Energy Trading Down 0.5 %

PHAR opened at GBX 21 ($0.27) on Friday. Pharos Energy has a 12-month low of GBX 18.05 ($0.23) and a 12-month high of GBX 25 ($0.32). The company has a debt-to-equity ratio of 17.55, a current ratio of 1.87 and a quick ratio of 1.72. The stock has a market capitalization of £88.48 million, a PE ratio of -262.50, a P/E/G ratio of -0.02 and a beta of 1.64. The firm’s fifty day moving average price is GBX 20.23 and its 200 day moving average price is GBX 21.55.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Pharos Energy news, insider Jann M. Brown bought 33,305 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £6,661 ($8,417.79). In related news, insider Jann M. Brown purchased 30,221 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of GBX 22 ($0.28) per share, with a total value of £6,648.62 ($8,402.15). Also, insider Jann M. Brown acquired 33,305 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of GBX 20 ($0.25) per share, with a total value of £6,661 ($8,417.79). Insiders have bought 68,133 shares of company stock worth $1,427,709 over the last ninety days. 51.47% of the stock is owned by insiders.

About Pharos Energy

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.