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

Zephyr Energy (LON:ZPHR) had its price objective dropped by Canaccord Genuity Group from GBX 12 ($0.16) to GBX 9 ($0.12) in a report issued 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 121.13% from the company’s current price.

Zephyr Energy Price Performance

Shares of LON:ZPHR opened at GBX 4.07 ($0.05) on Friday. The company has a debt-to-equity ratio of 42.73, a current ratio of 0.45 and a quick ratio of 0.87. Zephyr Energy has a 1-year low of GBX 2.30 ($0.03) and a 1-year high of GBX 6 ($0.08). The business has a fifty day moving average price of GBX 4.09 and a 200-day moving average price of GBX 3.46. The company has a market capitalization of £87.05 million, a PE ratio of -20.22 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.