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Zephyr Energy ( (GB:ZPHR) ) has provided an announcement.
Zephyr Energy has announced a transformative increase in its recoverable reserves at the Paradox project, following an updated Competent Person’s Report by Sproule-ERCE International Limited. The report highlights a 93-fold increase in Proved Recoverable Reserves and a 25-fold increase in Proved & Probable Reserves, indicating a significant maturation of the project towards production. This development is expected to generate substantial free cash flows and enhance the project’s net present value, positioning Zephyr favorably in the market. The company is actively seeking partners to accelerate drilling and commercial production, leveraging its existing infrastructure and the rising demand for domestic gas in western markets.
The most recent analyst rating on (GB:ZPHR) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Zephyr Energy stock, see the GB:ZPHR Stock Forecast page.
Spark’s Take on GB:ZPHR Stock
According to Spark, TipRanks’ AI Analyst, GB:ZPHR is a Neutral.
Zephyr Energy’s overall stock score reflects significant financial challenges, including negative profitability and weak technical indicators. The balanced capital structure and positive operating cash flow are positive aspects, but the lack of profitability and bearish market trends weigh heavily on the score.
To see Spark’s full report on GB:ZPHR stock, click here.
More about Zephyr Energy
Zephyr Energy plc operates in the energy industry, focusing on oil and gas exploration and production. The company is primarily engaged in the development of its assets in the Paradox Basin, Utah, U.S., with a significant focus on the Cane Creek reservoir within its White Sands Unit.
Average Trading Volume: 4,124,483
Technical Sentiment Signal: Sell
Current Market Cap: £60.92M
For detailed information about ZPHR stock, go to TipRanks’ Stock Analysis page.