Pharos Energy (PHAR)

Sector:

Energy Producers

Index:

FTSE Small Cap

14.58p
   
  • Change Today:
      0.080p
  • 52 Week High: 70.20p
  • 52 Week Low: 10.40p
  • Currency: UK Pounds
  • Shares Issued: 397.52m
  • Volume: 3,868,364
  • Market Cap: £57.96m
  • RiskGrade: 586

Soco International slides on UBS downgrade

By Michele Maatouk

Date: Thursday 08 Oct 2015

LONDON (ShareCast) - (ShareCast News) - Soco International was under pressure on Thursday after UBS downgraded the stock to 'sell' from 'neutral', keeping the price target at 150p.
It said that with the stock having rallied strongly over recent days it is now trading at 1.24x commercial net asset value and on an implied long-term oil price of $112 a barrel, which is well above the forward curve at $65 a barrel.

"This leaves risk-reward looking skewed to the downside," said UBS.

Still, the bank said it has been quite consistent in its view that Soco's TGT field in Vietnam is a solid asset, adding that delivery of $21 a barrel of post-tax cash flow during the first half underlines its high-margin, low cost attributes.

UBS said that while TGT is a high-quality asset, 2015 is something of a transition year with lower oil prices coinciding with relatively high capex on the new H5 fault platform.

It said free cash flow will likely be relatively low as a result, meaning next year's dividend will be lower.

At 1005 BST, Soco shares were down 3% at 181.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pharos Energy Market Data

Currency UK Pounds
Share Price 14.58p
Change Today 0.080p
% Change 0.55 %
52 Week High 70.20p
52 Week Low 10.40p
Volume 3,868,364
Shares Issued 397.52m
Market Cap £57.96m
RiskGrade 586

Pharos Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.09% above the market average44.09% above the market average44.09% above the market average44.09% above the market average44.09% above the market average
15.56% above the sector average15.56% above the sector average15.56% above the sector average15.56% above the sector average15.56% above the sector average
Price Trend
95.53% below the market average95.53% below the market average95.53% below the market average95.53% below the market average95.53% below the market average
72% below the sector average72% below the sector average72% below the sector average72% below the sector average72% below the sector average
Income Not Available
Growth
6.91% above the market average6.91% above the market average6.91% above the market average6.91% above the market average6.91% above the market average
57.38% below the sector average57.38% below the sector average57.38% below the sector average57.38% below the sector average57.38% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 3
Total 6
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pharos Energy Dividends

  Latest Previous
  Final Final
Ex-Div 09-May-19 24-May-18
Paid 31-May-19 15-Jun-18
Amount 5.50p 5.25p

Trades for 29-May-2020

Time Volume / Share Price
16:47 605,268 @ 14.58p
16:51 2,944 @ 14.58p
16:35 2,863,960 @ 14.58p
16:29 200 @ 14.20p
16:29 303 @ 13.78p

Pharos Energy Key Personnel

CEO Ed Story
CFO Jann M Brown
Chair John Martin

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