Jadestone Energy (LON:JSE) Shares Up 1% – Time to Buy?

Jadestone Energy plc (LON:JSE) was up 1% during mid-day trading on Wednesday . The stock traded as high as GBX 31.65 and last traded at GBX 31.30. Approximately 5,189,347 shares traded hands during mid-day trading, an increase of 185% from the average session volume of 1,822,944 shares. The stock had previously closed at GBX 31.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JSE. Stifel Nicolaus raised shares of Jadestone Energy to a “buy” rating and set a GBX 70 price target for the company in a research note on Tuesday, April 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 74 price objective on shares of Jadestone Energy in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 64.67.

Jadestone Energy Stock Up 1.0%

The company has a debt-to-equity ratio of -244.86, a current ratio of 0.94 and a quick ratio of 2.08. The company has a market capitalization of £170.56 million, a P/E ratio of -1.56 and a beta of 0.13. The stock has a 50-day moving average price of GBX 29.51 and a 200-day moving average price of GBX 28.45.

About Jadestone Energy

Jadestone Energy is a leading upstream oil and gas company in the Asia Pacific region, with a focus on production and near-term development assets.