Pharos Energy (LON:PHAR) Reaches New 12-Month High – Should You Buy?

Pharos Energy plc (LON:PHAR)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 31 and last traded at GBX 29.20, with a volume of 1465647 shares. The stock had previously closed at GBX 28.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating and issued a GBX 36 target price on shares of Pharos Energy in a research report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 45.50.

Pharos Energy Price Performance

The stock has a market cap of £120.92 million, a P/E ratio of -18.25, a PEG ratio of -0.02 and a beta of 0.30. The company has a fifty day moving average of GBX 27.36 and a 200 day moving average of GBX 23.36.

Insider Buying and Selling

In other Pharos Energy news, insider Sue Rivett purchased 3,482 shares of the business’s stock in a transaction on Monday, April 27th. The stock was bought at an average cost of GBX 28 per share, with a total value of £974.96. Company insiders own 16.44% of the company’s stock.

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.