Pantheon Resources (LON:PANR) Shares Up 13% – Still a Buy?

Pantheon Resources Plc (LON:PANR – Get Free Report)’s stock price shot up 13% during trading on Wednesday. The stock traded as high as GBX 12.28 and last traded at GBX 11.87. 14,723,144 shares changed hands during trading, a decline of 0% from the average session volume of 14,753,880 shares. The stock had previously closed at GBX 10.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 40 price target on shares of Pantheon Resources in a research note on Wednesday, September 16th. One equities 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 a consensus price target of GBX 40.

Get Our Latest Report on PANR

Pantheon Resources Stock Performance

The firm’s 50-day moving average price is GBX 12.13 and its two-hundred day moving average price is GBX 12.55. The company has a debt-to-equity ratio of 5.33, a quick ratio of 20.28 and a current ratio of 5.21. The stock has a market cap of £165.76 million, a price-to-earnings ratio of -24.72 and a beta of -0.36.

Pantheon Resources Company Profile

(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.

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