Canaccord Genuity Group Reaffirms Speculative Buy Rating for Pantheon Resources (LON:PANR)

Pantheon Resources (LON:PANR)‘s stock had its “speculative buy” rating restated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 40 target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 279.69% from the stock’s current price.

Pantheon Resources Trading Up 1.9%

Shares of LON:PANR opened at GBX 10.54 on Wednesday. The company has a market cap of £153.59 million, a P/E ratio of -22.90 and a beta of -0.36. The stock’s 50-day moving average is GBX 12.60 and its 200-day moving average is GBX 12.35. Pantheon Resources has a 52-week low of GBX 6.70 and a 52-week high of GBX 31. The company has a debt-to-equity ratio of 5.33, a quick ratio of 20.28 and a current ratio of 5.21.

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.