Jadestone Energy (LON:JSE) Reaches New 1-Year High – What’s Next?

Jadestone Energy plc (LON:JSE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 35 and last traded at GBX 34.40, with a volume of 2181221 shares traded. The stock had previously closed at GBX 32.70.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 71 price target on shares of Jadestone Energy in a research note on Thursday, August 27th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 63.67.

Jadestone Energy Trading Up 5.2%

The company has a quick ratio of 2.08, a current ratio of 2.27 and a debt-to-equity ratio of -276.87. The company has a market capitalization of £187.46 million, a P/E ratio of -1.72 and a beta of 0.13. The firm’s 50-day moving average price is GBX 29.98 and its 200 day moving average price is GBX 28.91.

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.