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

Pantheon Resources Plc (LON:PANR)’s stock price was down 19.8% on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,742 shares traded hands during mid-day trading, an increase of 749% from the average daily volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Stock Down 19.8%

The company’s 50-day moving average is GBX 26.06 and its 200 day moving average is GBX 26.08. The stock has a market capitalization of £270.96 million, a PE ratio of -20.10 and a beta of -0.36. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35.

About Pantheon Resources

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.