Zephyr Energy (LON:ZPHR) Trading Down 10.6% – Here’s Why

Shares of Zephyr Energy plc (LON:ZPHR) traded down 10.6% on Wednesday . The company traded as low as GBX 2.25 and last traded at GBX 2.28. 5,189,800 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 4,196,511 shares. The stock had previously closed at GBX 2.55.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Liberum Capital lifted their price objective on Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the stock a “buy” rating in a research note on Friday, October 10th. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 11 target price on shares of Zephyr Energy in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 11.10.

Zephyr Energy Stock Performance

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 market cap of £51.47 million, a price-to-earnings ratio of -1.45 and a beta of 0.77. The stock has a 50-day moving average price of GBX 2.55 and a 200 day moving average price of GBX 2.87.

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.