Union Jack Oil (LON:UJO) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Union Jack Oil (LON:UJO) in a research report released on Monday, MarketBeat.com reports.

Union Jack Oil Stock Down 4.4 %

Shares of UJO stock opened at GBX 21.50 ($0.27) on Monday. The firm has a fifty day moving average of GBX 20.74 and a 200-day moving average of GBX 19.56. Union Jack Oil has a 12-month low of GBX 14 ($0.18) and a 12-month high of GBX 34 ($0.43). The company has a market capitalization of £22.91 million, a price-to-earnings ratio of 1,075.00 and a beta of 0.56.

Union Jack Oil Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, July 4th will be given a GBX 0.25 ($0.00) dividend. This represents a yield of 1.04%. The ex-dividend date is Thursday, July 4th. Union Jack Oil’s dividend payout ratio (DPR) is currently 5,000.00%.

About Union Jack Oil

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the Wilzetta, West Newton, Wressle Discovery, Broughton North, Biscathorpe, Keddington Oilfield Louth, North Somercotes, Fiskerton Oilfield, North Kelsey, Dukes Wood, Kirklington, Widmerpool Gulf, Laughton, and Humber Basin projects.