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Pharos Energy ( (GB:PHAR) ) has issued an announcement.
Pharos Energy’s chief executive officer, Katherine Roe, and chief financial officer, Sue Rivett, have increased their holdings in the company by purchasing ordinary shares on the open market at £0.195 per share under pre-arranged trading plans. Following the transactions, Roe holds 106,318 shares and Rivett 1,829,053 shares, representing 0.026% and 0.439% of the company’s issued share capital respectively, reinforcing senior management’s financial commitment to the business and providing a modest signal of confidence to investors in the group’s strategy and outlook.
The most recent analyst rating on (GB:PHAR) stock is a Hold with a £21.00 price target. To see the full list of analyst forecasts on Pharos Energy stock, see the GB:PHAR Stock Forecast page.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall score reflects a mixed financial performance with significant strategic achievements highlighted in the earnings call. The technical analysis indicates bearish momentum, which is a concern. The valuation is fair, with an attractive dividend yield. Strategic focus on growth and shareholder returns is a positive aspect.
To see Spark’s full report on GB:PHAR stock, click here.
More about Pharos Energy
Pharos Energy plc is an independent energy company listed on the Main Market of the London Stock Exchange, with a portfolio of production, development and exploration assets in Vietnam and Egypt. The company focuses on delivering sustainable growth and returns to stakeholders, underpinned by cash-generative operations, a robust balance sheet and a platform for both organic and inorganic growth opportunities.
Average Trading Volume: 280,990
Technical Sentiment Signal: Sell
Current Market Cap: £78.59M
See more insights into PHAR stock on TipRanks’ Stock Analysis page.