Pharos Energy plc (LON:PHAR) Plans Dividend Increase – GBX 0.85 Per Share

Pharos Energy plc (LON:PHAR) declared a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 12th will be given a dividend of GBX 0.85 ($0.01) per share on Friday, July 18th. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend 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 Performance

PHAR traded down GBX 1.10 ($0.01) during 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 52 week low of GBX 19.05 ($0.25) and a 52 week high of GBX 27.98 ($0.36). 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 firm has a 50 day moving average of GBX 24.05 and a 200 day moving average of GBX 23.59. The stock has a market cap of £109.75 million, a P/E ratio of -2.34, a PEG ratio of -0.02 and a beta of 1.61.

Analyst Ratings Changes

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

Insider Activity

In other Pharos Energy news, insider Sue Rivett bought 3,798 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of GBX 26 ($0.34) per share, with a total value of £987.48 ($1,278.46). Insiders bought a total of 11,922 shares of company stock worth $293,724 over the last 90 days. 51.33% of the stock is currently owned by company insiders.

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.