TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Pantheon Resources ( (GB:PANR) ).
Pantheon Resources provided an operational update on its Dubhe-1 well, highlighting the progress of well clean-up operations and the commencement of oil production. The company reported that the total cost for drilling and completing Dubhe-1 was approximately $33 million, which includes a pilot hole for core sampling and evaluation of multiple horizons. Despite the higher costs, the company maintains a positive outlook on its operational performance and future potential, with the new Dubhe pad offering opportunities for future drilling.
The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.
Spark’s Take on GB:PANR Stock
According to Spark, TipRanks’ AI Analyst, GB:PANR is a Neutral.
The overall stock score reflects significant operational challenges, with financial performance and valuation being the primary concerns due to negative profitability and cash flow. However, positive corporate events and strategic initiatives provide potential upside, supporting a slightly better outlook.
To see Spark’s full report on GB:PANR stock, click here.
More about Pantheon Resources
Pantheon Resources plc is an AIM-listed oil and gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. The company has significant contingent recoverable resources, including 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. Pantheon aims to achieve market recognition of a value of approximately $5 per barrel of recoverable resources by 2028, leveraging its proximity to existing infrastructure for competitive advantages.
Average Trading Volume: 8,456,979
Technical Sentiment Signal: Sell
Current Market Cap: £350.5M
For a thorough assessment of PANR stock, go to TipRanks’ Stock Analysis page.