Zephyr Energy (LON:ZPHR) Shares Down 9.1% - Time to Sell?

Key Points

• Zephyr Energy's stock fell 9.1% during trading, with shares hitting a low of GBX 2.91 and closing at GBX 3.
• Analysts at Canaccord Genuity have lowered their price target for Zephyr Energy from GBX 12 to GBX 9, maintaining a "speculative buy" rating.
• The company has a market cap of £61.66 million and a notably high debt-to-equity ratio of 42.73, indicating potential financial risk.

Zephyr Energy plc (LON:ZPHR - Get Free Report)'s stock price fell 9.1% during trading on Thursday . The stock traded as low as GBX 2.91 ($0.04) and last traded at GBX 3 ($0.04). 2,024,245 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 4,290,263 shares. The stock had previously closed at GBX 3.30 ($0.04).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on Zephyr Energy from GBX 12 to GBX 9 and set a "speculative buy" rating for the company in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 11.

Zephyr Energy Stock Performance

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 business's 50 day moving average is GBX 3 and its two-hundred day moving average is GBX 3.52. The company has a market cap of £61.66 million, a PE ratio of -259.73 and a beta of 0.77.

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.

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