Pantheon Resources (LON:PANR) Earns “Speculative Buy” Rating from Canaccord Genuity Group

Pantheon Resources (LON:PANR)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Monday, MarketBeat Ratings reports. They currently have a GBX 86 ($1.11) price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 24.82% from the stock’s previous close.

Pantheon Resources Stock Up 6.3 %

Shares of Pantheon Resources stock opened at GBX 68.90 ($0.89) on Monday. The company’s fifty day simple moving average is GBX 57.86 and its two-hundred day simple moving average is GBX 34.81. Pantheon Resources has a 12-month low of GBX 14.20 ($0.18) and a 12-month high of GBX 71.90 ($0.93). The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The company has a market cap of £984.08 million, a P/E ratio of -64.28 and a beta of -0.36.

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope (“ANS”), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska’s Trans Alaska Pipeline System (“TAPS”).

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.