Canaccord Genuity Group Reiterates “Buy” Rating for Zephyr Energy (LON:ZPHR)

Zephyr Energy (LON:ZPHR)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 13 ($0.17) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 381.48% from the stock’s previous close.

Zephyr Energy Price Performance

Zephyr Energy stock opened at GBX 2.70 ($0.03) on Wednesday. The stock has a market cap of £47.25 million, a P/E ratio of 278.00 and a beta of 0.77. The company has a fifty day simple moving average of GBX 3.19 and a 200-day simple moving average of GBX 4.06. Zephyr Energy has a 12-month low of GBX 2.03 ($0.03) and a 12-month high of GBX 6 ($0.08). The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73.

About Zephyr Energy

Zephyr Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas resources in the United States. Its flagship property is the Paradox Basin, which covers an area of approximately 45,000 gross acres located in Utah, the United States; and holds property in Williston Basin, North Dakota.