Zephyr Energy (LON:ZPHR) Shares Down 10.6% – Should You Sell?

Zephyr Energy plc (LON:ZPHR)’s share price dropped 10.6% on Wednesday . The stock traded as low as GBX 2.25 and last traded at GBX 2.28. Approximately 5,189,800 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 4,196,511 shares. The stock had previously closed at GBX 2.55.

Wall Street Analysts Forecast Growth

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

Zephyr Energy Stock Down 3.9%

The company has a market capitalization of £51.47 million, a P/E ratio of -1.45 and a beta of 0.77. The company has a 50-day moving average of GBX 2.57 and a two-hundred day moving average of GBX 2.87. The company has a quick ratio of 0.87, a current ratio of 0.45 and a debt-to-equity ratio of 42.73.

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.