Zephyr Energy (LON:ZPHR) Given “Speculative Buy” Rating at Canaccord Genuity Group

Zephyr Energy (LON:ZPHR)‘s stock had its “speculative buy” rating reiterated by analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 11 price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 301.46% from the stock’s previous close.

Zephyr Energy Trading Down 8.7%

Shares of ZPHR stock opened at GBX 2.74 on Tuesday. Zephyr Energy has a 52-week low of GBX 2.30 and a 52-week high of GBX 5.84. The company has a debt-to-equity ratio of 42.73, a quick ratio of 0.87 and a current ratio of 0.45. The firm has a market capitalization of £57.56 million, a PE ratio of -242.48 and a beta of 0.77. The stock has a fifty day simple moving average of GBX 2.95 and a two-hundred day simple moving average of GBX 3.48.

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.