Jadestone Energy (LON:JSE) Reaches New 1-Year High – Should You Buy?

Shares of Jadestone Energy plc (LON:JSE) reached a new 52-week high during trading on Monday. The stock traded as high as GBX 45 and last traded at GBX 43.25, with a volume of 2,504,309 shares. The stock had previously closed at GBX 44.30.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 71 price objective on shares of Jadestone Energy in a report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 70.50.

Jadestone Energy Stock Up 1.2%

The company has a current ratio of 2.27, a quick ratio of 2.08 and a debt-to-equity ratio of -276.87. The firm has a market cap of £237.05 million, a PE ratio of -1.55 and a beta of 0.13. The business’s 50-day simple moving average is GBX 37.05 and its 200 day simple moving average is GBX 30.29.

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.