Zephyr Energy’s (ZPHR) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Zephyr Energy (LON:ZPHR) in a research report sent to investors on Tuesday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 11 price target on the stock.

Zephyr Energy Stock Performance

ZPHR opened at GBX 2.85 on Tuesday. Zephyr Energy has a 1-year low of GBX 2.30 and a 1-year high of GBX 5.84. The company has a market cap of £59.87 million, a price-to-earnings ratio of -252.21 and a beta of 0.77. The company’s fifty day moving average price is GBX 2.94 and its two-hundred day moving average price is GBX 3.47. The company has a current ratio of 0.45, a quick ratio of 0.87 and a debt-to-equity ratio of 42.73.

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.