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Zephyr Energy ( (GB:ZPHR) ) has issued an announcement.
Zephyr Energy has approved initial investments under a US$100 million strategic partnership with a U.S.-based investor to expand its non-operated asset portfolio. This partnership will fund the capital expenditure for drilling and equipping new wells in the U.S. Rocky Mountains, with the investor covering all initial costs. The move is expected to enhance Zephyr’s cash flow and drive growth in its non-operated portfolio, leveraging the company’s regional expertise and the investor’s financial strength.
The most recent analyst rating on (GB:ZPHR) stock is a Hold with a £3.00 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 stock score is primarily influenced by its financial performance challenges, including negative net income and free cash flow. The technical analysis suggests some bullish momentum, but the valuation remains weak due to a negative P/E ratio. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:ZPHR stock, click here.
More about Zephyr Energy
Zephyr Energy plc is a technology-led oil and gas company focused on responsible resource development in the Rocky Mountain region of the United States. The company’s mission emphasizes being responsible stewards of both investor capital and the environment. Zephyr’s flagship asset is a 46,000-acre leaseholding in the Paradox Basin, Utah, and it also holds interests in a portfolio of non-operated wells in the Rocky Mountain basins.
Average Trading Volume: 4,391,671
Technical Sentiment Signal: Sell
Current Market Cap: £67.22M
Learn more about ZPHR stock on TipRanks’ Stock Analysis page.