Zephyr Energy (LON:ZPHR) Stock Price Up 16.4% – Time to Buy?

Zephyr Energy plc (LON:ZPHR)’s stock price was up 16.4% during mid-day trading on Wednesday . The stock traded as high as GBX 3.27 ($0.04) and last traded at GBX 3.20 ($0.04). Approximately 3,386,610 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 4,111,433 shares. The stock had previously closed at GBX 2.75 ($0.03).

Wall Street Analyst Weigh In

ZPHR has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 13 ($0.16) target price on shares of Zephyr Energy in a research report on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 13 ($0.16) price objective on shares of Zephyr Energy in a report on Wednesday, December 4th.

Zephyr Energy Price Performance

The firm has a 50-day simple moving average of GBX 3.03 and a two-hundred day simple moving average of GBX 3.88. The company has a market capitalization of £51.19 million, a price-to-earnings ratio of 278.00 and a beta of 0.77. 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, together with its subsidiaries, engages in the exploration and development of oil and gas resources in the United States. Its flagship property is the Paradox Basin, which covers an area of approximately 45,000 gross acres located in Utah, the United States; and holds property in Williston Basin, North Dakota.