Zephyr Energy (LON:ZPHR) Shares Up 9.8% – Here’s What Happened

Zephyr Energy plc (LON:ZPHR) shares rose 9.8% on Monday . The stock traded as high as GBX 2.69 and last traded at GBX 2.69. Approximately 7,749,656 shares were traded during trading, an increase of 75% from the average daily volume of 4,422,102 shares. The stock had previously closed at GBX 2.45.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZPHR. Liberum Capital lifted their price target on shares of Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the company a “buy” rating in a report on Friday, October 10th. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 11 price objective on shares of Zephyr Energy in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 11.73.

Zephyr Energy Stock Performance

The business’s fifty day moving average price is GBX 2.92 and its two-hundred day moving average price is GBX 3.32. The company has a debt-to-equity ratio of 42.73, a quick ratio of 0.87 and a current ratio of 0.45. The stock has a market capitalization of £58.78 million, a P/E ratio of -1.66 and a beta of 0.77.

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.