Tom Reynolds Sells 103,300 Shares of Zephyr Energy (LON:ZPHR) Stock

Zephyr Energy plc (LON:ZPHR) insider Tom Reynolds sold 103,300 shares of the firm’s stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 3, for a total transaction of £3,099.

Tom Reynolds also recently made the following trade(s):

• On Monday, January 19th, Tom Reynolds purchased 466,667 shares of Zephyr Energy stock. The shares were acquired at an average cost of GBX 3 per share, with a total value of £14,000.01.
• On Monday, January 19th, Tom Reynolds purchased 1,033,000 shares of Zephyr Energy stock. The stock was bought at an average cost of GBX 3 per share, for a total transaction of £30,990.

Zephyr Energy Stock Up 3.1%

LON:ZPHR opened at GBX 2.68 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73. Zephyr Energy plc has a 12-month low of GBX 2.20 and a 12-month high of GBX 5.84. The stock’s fifty day simple moving average is GBX 2.52 and its 200-day simple moving average is GBX 2.79. The firm has a market capitalization of £56.30 million, a P/E ratio of -1.59 and a beta of 0.77.

Wall Street Analysts Forecast Growth

ZPHR has been the subject of several recent analyst reports. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 11 price target on shares of Zephyr Energy in a report on Tuesday, September 30th. Liberum Capital boosted their price objective on Zephyr Energy from GBX 10.30 to GBX 11.20 and gave the company a “buy” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 11.10.

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.