Zephyr Energy (LON:ZPHR) Price Target Raised to GBX 11.20

Key Points

• Zephyr Energy's price target has been raised from GBX 10.30 to GBX 11.20 by Liberum Capital, indicating a potential upside of 239.39% based on the stock's previous close.
• The company currently holds a consensus "Buy" rating, with Canaccord Genuity also issuing a price target of GBX 11.
• Zephyr Energy focuses on responsible resource development in the Rocky Mountain region and has significant reserves with 2P reserves of 2.6 million barrels of oil equivalent.

Zephyr Energy (LON:ZPHR - Get Free Report) had its target price upped by equities research analysts at Liberum Capital from GBX 10.30 to GBX 11.20 in a report released on Friday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Liberum Capital's price target would suggest a potential upside of 239.39% from the stock's previous close.

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 11 price objective on shares of Zephyr Energy in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 11.73.

Zephyr Energy Stock Performance

Zephyr Energy stock traded up GBX 0.10 during midday trading on Friday, reaching GBX 3.30. 2,737,972 shares of the stock traded hands, compared to its average volume of 4,253,931. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73. The firm has a fifty day moving average price of GBX 2.96 and a two-hundred day moving average price of GBX 3.45. The firm has a market cap of £69.32 million, a price-to-earnings ratio of -195.27 and a beta of 0.77. Zephyr Energy has a fifty-two week low of GBX 2.30 and a fifty-two week high of GBX 5.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.