Zephyr Energy (LON:ZPHR) Trading 2.3% Higher – Here’s What Happened

by · The Cerbat Gem

Zephyr Energy plc (LON:ZPHR – Get Free Report) shares rose 2.3% on Friday . The company traded as high as GBX 2.54 and last traded at GBX 2.40. Approximately 5,244,783 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 4,264,967 shares. The stock had previously closed at GBX 2.35.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZPHR. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 11 price objective on shares of Zephyr Energy in a research note on Tuesday, September 30th. Liberum Capital upped their target price on shares of Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the stock a “buy” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Zephyr Energy has a consensus rating of “Buy” and an average target price of GBX 11.10.

Read Our Latest Analysis on ZPHR

Zephyr Energy Stock Up 8.5%

The company has a market cap of £53.57 million, a P/E ratio of -1.51 and a beta of 0.77. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73. The company has a fifty day moving average of GBX 2.69 and a 200 day moving average of GBX 3.01.

Zephyr Energy Company Profile

(Get Free Report)

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company’s mission is rooted in two core values: to be responsible stewards of its investors’ capital, and to be responsible stewards of the environment in which it works.

Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.

In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.

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