Pantheon Resources' (PANR) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Pantheon Resources (LON:PANR - Get Free Report)'s stock had its "speculative buy" rating restated by research analysts at Canaccord Genuity Group in a report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 85 ($1.08) price objective on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 108.59% from the stock's current price.

Pantheon Resources Stock Up 19.0 %

LON PANR traded up GBX 6.50 ($0.08) during trading hours on Tuesday, hitting GBX 40.75 ($0.52). 23,388,948 shares of the company were exchanged, compared to its average volume of 2,950,532. The company has a 50 day moving average of GBX 27.47 and a two-hundred day moving average of GBX 25.91. The firm has a market cap of £384.77 million, a price-to-earnings ratio of -4,277.90 and a beta of -0.29. Pantheon Resources has a 52-week low of GBX 10.10 ($0.13) and a 52-week high of GBX 45.50 ($0.58). The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69.

Insider Transactions at Pantheon Resources

In other Pantheon Resources news, insider David Hobbs acquired 980,455 shares of the stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average cost of GBX 21 ($0.27) per share, with a total value of £205,895.55 ($260,594.29). Insiders own 10.80% of the company's stock.

Pantheon Resources Company Profile

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.