Pantheon Resources (LON:PANR) Shares Down 12.1% – What’s Next?

Shares of Pantheon Resources Plc (LON:PANRGet Free Report) fell 12.1% during trading on Tuesday . The stock traded as low as GBX 8.39 and last traded at GBX 8.39. 26,150,145 shares changed hands during trading, an increase of 170% from the average session volume of 9,689,750 shares. The stock had previously closed at GBX 9.54.

Pantheon Resources News Roundup

Here are the key news stories impacting Pantheon Resources this week:

  • Positive Sentiment: Summarize items that could lift the stock and explain why (operations, financing, asset news, regulatory wins).
  • Neutral Sentiment: Summarize neutral/uncertain items (commentary, routine filings) and note potential effects.
  • Negative Sentiment: Summarize items that could pressure the stock and explain why (drilling failures, dilution, legal or financing concerns).

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on PANR

Pantheon Resources Price Performance

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 company’s fifty day moving average price is GBX 22.56 and its 200 day moving average price is GBX 24.64. The firm has a market capitalization of £121.34 million, a price-to-earnings ratio of -9.00 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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