Pharos Energy plc (LON:PHAR) Increases Dividend to GBX 0.77 Per Share

Pharos Energy plc (LON:PHAR) declared a dividend on Wednesday, March 27th, Upcoming.Co.Uk reports. Investors 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 yield of 3.67%. The ex-dividend date is Thursday, June 13th. This is a boost from Pharos Energy’s previous dividend of $0.33. The official announcement can be seen at this link.

Pharos Energy Stock Performance

Shares of PHAR stock opened at GBX 21.40 ($0.27) on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 17.55. 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 market cap of £90.16 million, a price-to-earnings ratio of -267.50, a price-to-earnings-growth ratio of -0.02 and a beta of 1.64. The stock has a 50 day simple moving average of GBX 20.26 and a 200-day simple moving average of GBX 21.57.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Pharos Energy in a research report on Wednesday, December 6th.

Pharos Energy Company Profile

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.