Zephyr Energy (LON:ZPHR) Stock Price Down 0.2% – Here’s What Happened

Zephyr Energy plc (LON:ZPHR) dropped 0.2% during trading on Wednesday . The stock traded as low as GBX 2.20 and last traded at GBX 2.35. Approximately 2,180,678 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 4,277,136 shares. The stock had previously closed at GBX 2.35.

Analyst Upgrades and Downgrades

ZPHR has been the topic of a number of recent analyst reports. Liberum Capital lifted their price target 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 restated a “speculative buy” rating and issued a GBX 11 target price on shares of Zephyr Energy in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 11.10.

Zephyr Energy Stock Performance

The stock has a market cap of £49.26 million, a P/E ratio of -1.39 and a beta of 0.77. The company has a debt-to-equity ratio of 42.73, a current ratio of 0.45 and a quick ratio of 0.87. The company has a fifty day moving average of GBX 2.70 and a 200 day moving average of GBX 3.02.

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.