Zephyr Energy (LON:ZPHR) Trading Up 5.4% – Still a Buy?

Zephyr Energy plc (LON:ZPHR) shares rose 5.4% during mid-day trading on Wednesday . The company traded as high as GBX 2.64 and last traded at GBX 2.63. Approximately 2,189,744 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 2,713,294 shares. The stock had previously closed at GBX 2.50.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZPHR. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 11 target price on shares of Zephyr Energy in a report on Tuesday, September 30th. Liberum Capital boosted their price objective 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 11.10.

Zephyr Energy Stock Performance

The company has a market capitalization of £61.97 million, a PE ratio of -1.75 and a beta of 0.77. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73. The business’s fifty day moving average is GBX 2.51 and its two-hundred day moving average is GBX 2.80.

About Zephyr Energy

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.