Pantheon Resources (LON:PANR) Shares Down 19.8% – What’s Next?

by · The Cerbat Gem

Pantheon Resources Plc (LON:PANR – Get Free Report)’s stock price dropped 19.8% during trading on Wednesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,742 shares were traded during trading, an increase of 749% from the average daily volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on Pantheon Resources

Pantheon Resources Stock Up 13.8%

The company has a market capitalization of £308.33 million, a price-to-earnings ratio of -22.87 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The business’s 50 day moving average is GBX 25.96 and its 200 day moving average is GBX 25.92.

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.

Recommended Stories