Zephyr Energy (LON:ZPHR) Trading 8.4% Higher – Here’s Why

Zephyr Energy plc (LON:ZPHR)’s share price shot up 8.4% during trading on Wednesday . The company traded as high as GBX 2.44 and last traded at GBX 2.44. 724,080 shares traded hands during trading, a decline of 83% from the average session volume of 4,355,293 shares. The stock had previously closed at GBX 2.25.

Analyst Upgrades and Downgrades

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

Zephyr Energy Stock Up 7.6%

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 2.85 and a 200-day simple moving average of GBX 3.23. The firm has a market cap of £50.84 million, a P/E ratio of -1.43 and a beta of 0.77.

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.