Canaccord Genuity Group Lowers Zephyr Energy (LON:ZPHR) Price Target to GBX 9

Zephyr Energy (LON:ZPHR - Get Free Report) had its price target decreased by stock analysts at Canaccord Genuity Group from GBX 12 ($0.16) to GBX 9 ($0.12) in a note issued to investors on Friday, MarketBeat reports. The firm presently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 122.99% from the company's previous close.

Zephyr Energy Stock Performance

Shares of LON:ZPHR traded down GBX 0.06 ($0.00) during trading on Friday, hitting GBX 4.04 ($0.05). The stock had a trading volume of 883,493 shares, compared to its average volume of 3,670,450. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73. Zephyr Energy has a 12-month low of GBX 2.30 ($0.03) and a 12-month high of GBX 6 ($0.08). The stock has a market capitalization of £86.33 million, a price-to-earnings ratio of -20.05 and a beta of 0.77. The stock has a 50-day simple moving average of GBX 4.10 and a two-hundred day simple moving average of GBX 3.47.

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.