Zephyr Energy (LON:ZPHR) Stock Price Up 5.4% – Time to Buy?

Zephyr Energy plc (LON:ZPHR) traded up 5.4% during mid-day trading on Wednesday . The stock traded as high as GBX 2.64 and last traded at GBX 2.63. 2,189,744 shares changed hands during trading, a decline of 19% from the average session volume of 2,713,294 shares. The stock had previously closed at GBX 2.50.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Liberum Capital boosted their target price on Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the stock a “buy” rating in a research report on Friday, October 10th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 11 price objective on shares of Zephyr Energy in a report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 11.10.

Zephyr Energy Stock Performance

The stock’s 50-day moving average price is GBX 2.50 and its 200-day moving average price is GBX 2.80. The company has a market capitalization of £55.33 million, a price-to-earnings ratio of -1.56 and a beta of 0.77. The company has a debt-to-equity ratio of 42.73, a quick ratio of 0.87 and a current ratio of 0.45.

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.