Zephyr Energy (LON:ZPHR) Shares Down 4.9% – Here’s What Happened

Shares of Zephyr Energy plc (LON:ZPHR) were down 4.9% during trading on Friday . The company traded as low as GBX 3.90 ($0.05) and last traded at GBX 3.90 ($0.05). Approximately 3,746,303 shares traded hands during trading, an increase of 63% from the average daily volume of 2,297,850 shares. The stock had previously closed at GBX 4.10 ($0.05).

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 13 ($0.17) price target on shares of Zephyr Energy in a report on Wednesday, December 4th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 13 ($0.17) price target on shares of Zephyr Energy in a research report on Wednesday, December 4th.

Zephyr Energy Price Performance

The firm has a market cap of £83.42 million, a P/E ratio of -19.38 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 business’s 50 day moving average is GBX 3.30 and its two-hundred day moving average is GBX 3.23.

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.