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Zephyr Energy ( (GB:ZPHR) ) has provided an update.
Zephyr Energy has disclosed that one of its U.S. subsidiaries was hit by a sophisticated cyberattack that diverted a single contractor payment of about £0.7 million to a fraudulent third-party account. The company has involved law enforcement, banks and external consultants to pursue recovery of the funds.
According to Zephyr, the incident has been contained, its IT systems have been assessed by a leading cybersecurity specialist, and operations and corporate activity continue as normal. The board states that additional security measures have been implemented and that the group’s working capital remains more than sufficient, meaning the loss is not expected to affect ongoing operations.
The most recent analyst rating on (GB:ZPHR) stock is a Sell 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 ZPHR Stock
According to Spark, TipRanks’ AI Analyst, ZPHR is a Neutral.
Zephyr Energy’s overall stock score is primarily influenced by its strategic corporate events, which provide a positive outlook despite current financial and technical challenges. The company’s ability to secure financing and expand its asset base is a significant strength, offsetting some of the risks associated with its current financial performance and valuation.
To see Spark’s full report on ZPHR stock, click here.
More about Zephyr Energy
Zephyr Energy is a technology-led oil and gas company focused on responsible resource development in the Rocky Mountain region of the U.S. Its flagship operated asset is the 46,000-acre Paradox project in Utah, which holds significant 2P reserves and recoverable resources, and it also owns non-operated production interests across the Williston and other Rocky Mountain basins supported by a US$100 million growth partnership.
Average Trading Volume: 4,122,821
Technical Sentiment Signal: Buy
Current Market Cap: £72.47M
For an in-depth examination of ZPHR stock, go to TipRanks’ Overview page.