Zephyr Energy (LON:ZPHR) Given "Speculative Buy" Rating at Canaccord Genuity Group

Key Points

• Zephyr Energy's stock received a “speculative buy” rating from Canaccord Genuity Group, with a price target of GBX 11, indicating a potential upside of 301.46% from its current price.
• The company operates a 46,000-acre leaseholding in the Paradox Basin, Utah, with assessed reserves of 2.6 million barrels of oil equivalent.
• Zephyr Energy has a market capitalization of £57.56 million and currently faces challenging financial ratios, including a P/E ratio of -242.48 and a debt-to-equity ratio of 42.73.

Zephyr Energy (LON:ZPHR - Get Free Report)'s stock had its "speculative buy" rating reiterated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 11 price objective on the stock. Canaccord Genuity Group's price target points to a potential upside of 301.46% from the stock's current price.

Zephyr Energy Price Performance

Shares of Zephyr Energy stock opened at GBX 2.74 on Tuesday. Zephyr Energy has a one year low of GBX 2.30 and a one year high of GBX 5.84. The stock's fifty day moving average is GBX 2.95 and its 200 day moving average is GBX 3.48. The stock has a market cap of £57.56 million, a P/E ratio of -242.48 and a beta of 0.77. The company has a debt-to-equity ratio of 42.73, a quick ratio of 0.87 and a current ratio of 0.45.

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.

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