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The latest update is out from Pharos Energy ( (GB:PHAR) ).
Pharos Energy plc has applied for a block listing of 7,600,000 ordinary shares to be admitted to the London Stock Exchange’s Main Market. This move is part of the company’s Long-Term Incentive Plan, with the shares to be issued as awards are exercised. The block listing is expected to become effective on 30 September 2025, potentially enhancing the company’s market presence and providing opportunities for growth.
The most recent analyst rating on (GB:PHAR) stock is a Buy with a £25.00 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 Outperform.
Pharos Energy’s overall stock score reflects a combination of strong technical indicators and strategic achievements highlighted in the earnings call. While financial performance shows some volatility, the company’s focus on operational efficiency and shareholder returns supports a positive outlook. The valuation suggests potential overvaluation, but the attractive dividend yield provides a counterbalance.
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 operations in Vietnam and Egypt. The company has a portfolio of production, development, and exploration assets, and is known for its cash-generative business model and robust balance sheet. Pharos Energy is listed on the Main Market of the London Stock Exchange.
Average Trading Volume: 267,691
Technical Sentiment Signal: Buy
Current Market Cap: £94.72M
For detailed information about PHAR stock, go to TipRanks’ Stock Analysis page.