Pantheon Resources (LON:PANR) Stock Price Down 48.8% – What’s Next?

Pantheon Resources Plc (LON:PANR)’s share price was down 48.8% during trading on Monday . The company traded as low as GBX 7.69 and last traded at GBX 9.31. Approximately 417,443,688 shares changed hands during mid-day trading, an increase of 3,835% from the average daily volume of 10,608,853 shares. The stock had previously closed at GBX 18.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating on the stock in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pantheon Resources has a consensus rating of “Buy” and an average price target of GBX 66.

Pantheon Resources Price Performance

The company’s 50 day simple moving average is GBX 23.62 and its 200 day simple moving average is GBX 25.05. The stock has a market cap of £127.34 million, a P/E ratio of -9.45 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

Pantheon Resources Company Profile

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.