Pantheon Resources (LON:PANR) Shares Down 12.1% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target 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.com, Pantheon Resources currently has a consensus rating of “Buy” and a consensus target price of GBX 66.

Pantheon Resources Stock Down 12.1%

The company has a fifty day moving average of GBX 22.91 and a 200 day moving average of GBX 24.77. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The company has a market cap of £111.99 million, a P/E ratio of -8.31 and a beta of -0.36.

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.