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Pharos Energy ( (GB:PHAR) ) just unveiled an update.
Pharos Energy has commenced a six-well drilling programme in Vietnam, targeting production growth from existing fields and de-risking new development opportunities. The programme, fully funded and expected to complete by mid-2026, involves two rigs and aims to enhance production and unlock potential in the TGT and CNV fields.
The most recent analyst rating on (GB:PHAR) stock is a Hold with a £22.50 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 balance of strategic achievements and financial stability against challenges in revenue consistency and operational risks. The strong dividend yield and strategic initiatives in Vietnam are positive, but volatility in cash flows and market challenges in Egypt weigh on the score.
To see Spark’s full report on GB:PHAR stock, click here.
More about Pharos Energy
Pharos Energy plc is an independent energy company focused on sustainable growth and returns, with a portfolio of production, development, and exploration assets in Vietnam and Egypt. The company is cash generative with a robust balance sheet, listed on the London Stock Exchange, and aims to deliver both organic and inorganic growth opportunities.
Average Trading Volume: 279,241
Technical Sentiment Signal: Sell
Current Market Cap: £83.33M
For a thorough assessment of PHAR stock, go to TipRanks’ Stock Analysis page.