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 Canaccord Genuity Group in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a GBX 86 ($1.11) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 24.82% from the stock’s current price.

Pantheon Resources Trading Up 6.3 %

Shares of PANR stock opened at GBX 68.90 ($0.89) on Monday. The business has a 50-day moving average of GBX 57.86 and a 200 day moving average of GBX 34.81. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. Pantheon Resources has a 1-year low of GBX 14.20 ($0.18) and a 1-year high of GBX 71.90 ($0.93). The stock has a market capitalization of £984.08 million, a PE 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.