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Zephyr Energy (LON:ZPHR) Given New GBX 9 Price Target at Canaccord Genuity Group

Zephyr Energy logo with Energy background

Zephyr Energy (LON:ZPHR - Get Free Report) had its target price reduced by investment analysts at Canaccord Genuity Group from GBX 12 ($0.16) to GBX 9 ($0.12) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 121.13% from the stock's current price.

Zephyr Energy Trading Down 9.2%

Shares of LON:ZPHR traded down GBX 0.41 ($0.01) during trading on Friday, reaching GBX 4.07 ($0.05). The stock had a trading volume of 13,101,635 shares, compared to its average volume of 3,689,356. The business has a fifty day moving average price of GBX 4.09 and a 200-day moving average price of GBX 3.46. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73. The stock has a market cap of £87.05 million, a P/E ratio of -20.22 and a beta of 0.77. Zephyr Energy has a fifty-two week low of GBX 2.30 ($0.03) and a fifty-two week high of GBX 6 ($0.08).

About Zephyr Energy

(Get Free Report)

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.

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