Zephyr Energy (LON:ZPHR) Stock Price Up 9.8% – What’s Next?

Zephyr Energy plc (LON:ZPHR)’s stock price rose 9.8% during mid-day trading on Monday . The stock traded as high as GBX 2.69 and last traded at GBX 2.69. Approximately 7,749,656 shares were traded during trading, an increase of 75% from the average daily volume of 4,422,102 shares. The stock had previously closed at GBX 2.45.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ZPHR shares. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 11 price target on shares of Zephyr Energy in a report on Tuesday, September 30th. Liberum Capital upped their price objective on Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the company a “buy” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 11.73.

Zephyr Energy Price Performance

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 simple moving average of GBX 2.89 and a two-hundred day simple moving average of GBX 3.30. The company has a market cap of £55.46 million, a price-to-earnings ratio of -1.56 and a beta of 0.77.

Zephyr Energy Company Profile

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.