Zephyr Energy (LON:ZPHR) Trading Up 9.8% – Time to Buy?

Zephyr Energy plc (LON:ZPHR)’s stock price was up 9.8% during trading on Monday . The stock traded as high as GBX 2.69 and last traded at GBX 2.69. Approximately 7,749,656 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 4,422,102 shares. The stock had previously closed at GBX 2.45.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZPHR. Liberum Capital lifted their target price on Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the company a “buy” rating in a research report on Friday, October 10th. Canaccord Genuity Group reaffirmed 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Zephyr Energy has a consensus rating of “Buy” and an average target price of GBX 11.73.

Zephyr Energy Trading Up 14.2%

The stock has a fifty day simple moving average of GBX 2.92 and a 200 day simple moving average of GBX 3.32. The firm has a market capitalization of £58.78 million, a P/E ratio of -1.66 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.

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.