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

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating on the stock in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 66.

Pantheon Resources Stock Down 19.8%

The company’s 50 day moving average price is GBX 26.06 and its two-hundred day moving average price is GBX 26.08. 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 stock has a market cap of £270.96 million, a P/E ratio of -20.10 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.