Pantheon Resources’ (PANR) “Speculative Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research report sent to investors on Wednesday morning,Digital Look reports. They currently have a GBX 40 target price on the stock.

Pantheon Resources Price Performance

Shares of LON:PANR opened at GBX 10.54 on Wednesday. The firm has a market cap of £153.59 million, a price-to-earnings ratio of -22.90 and a beta of -0.36. The firm has a fifty day moving average price of GBX 12.60 and a 200 day moving average price of GBX 12.35. Pantheon Resources has a fifty-two week low of GBX 6.70 and a fifty-two week high of GBX 31. The company has a debt-to-equity ratio of 5.33, a quick ratio of 20.28 and a current ratio of 5.21.

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.