Pharos Energy (PHAR)

Sector:

Energy Producers

Index:

FTSE Small Cap

15.06p
   
  • Change Today:
      0.060p
  • 52 Week High: 70.20
  • 52 Week Low: 10.40
  • Currency: UK Pounds
  • Shares Issued: 397.52m
  • Volume: 1,171,732
  • Market Cap: £59.87m
  • RiskGrade: 621

Tullow Oil and Soco International slump on Macquarie downgrade

By Michele Maatouk

Date: Wednesday 14 Oct 2015

LONDON (ShareCast) - (ShareCast News) - Shares in Tullow Oil and Soco International were under pressure after Macquarie downgraded both stocks to 'neutral' from 'outperform' on valuation grounds, as it took a look at the European exploration and production sector.
Macquarie pointed out that crude oil price rose by $10 in the six weeks to 12 October.

"Most share prices have shown a stronger response than our sensitivity models predicted, however, and some have now overshot their fundamental values in our opinion," it said.

The bank noted that Tullow shares have risen 43% since late September on both oil prices and the alleviation of near-term balance sheet concerns, and are now trading close to fair value.

As far as Soco is concerned, it said reaction to the oil price rise has been even stronger, despite there having been no operational catalysts.

Macquarie added that Soco now trades close to its 186p price target.

The bank said its analysis shows that the average oil price being discounted across the sector is a flat $72, which means investors need a relatively bullish view on oil to be 'overweight' in the E&P sector overall.

At 1035 BST, Soco shares were 2.1% lower at 184.25p and Tullow was down 2.9% at 233.50p.

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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 15.06p
Change Today 0.060p
% Change 0.40 %
52 Week High 70.20
52 Week Low 10.40
Volume 1,171,732
Shares Issued 397.52m
Market Cap £59.87m
RiskGrade 621

Pharos Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.13% above the market average44.13% above the market average44.13% above the market average44.13% above the market average44.13% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% 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
76% below the sector average76% below the sector average76% below the sector average76% below the sector average76% below the sector average
Income Not Available
Growth
7.05% above the market average7.05% above the market average7.05% above the market average7.05% above the market average7.05% 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 26-May-2020

Time Volume / Share Price
16:35 22,607 @ 15.06p
16:29 58 @ 15.04p
16:29 2,862 @ 15.04p
16:29 282 @ 15.04p
16:29 863 @ 15.04p

Pharos Energy Key Personnel

CEO Ed Story
CFO Jann M Brown
Chair John Martin

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