Pantheon Resources (LON:PANR) Stock Falls 11.1% – Should You Sell?

Pantheon Resources Plc (LON:PANR – Get Free Report) shares were down 11.1% during mid-day trading on Thursday. The stock traded as low as GBX 9.54 and last traded at GBX 9.54. Approximately 5,240,830 shares changed hands during trading, a decline of 62% from the average session volume of 13,924,371 shares. The stock had previously closed at GBX 10.73.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 40 price target on shares of Pantheon Resources in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 40.

Check Out Our Latest Research Report on PANR

Pantheon Resources Stock Performance

The firm has a market capitalization of £137.92 million, a price-to-earnings ratio of -7.06 and a beta of -0.36. The company has a 50-day moving average price of GBX 11.36 and a 200-day moving average price of GBX 12.57. The company has a quick ratio of 20.28, a current ratio of 5.21 and a debt-to-equity ratio of 5.33.

About Pantheon Resources

(Get Free Report)

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of approximately $5 per barrel of recoverable resources by end 2028.

Further Reading

Receive News & Ratings for Pantheon Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pantheon Resources and related companies with MarketBeat.com's FREE daily email newsletter.