Jadestone Energy (LON:JSE) Trading 2.9% Higher – What’s Next?

Jadestone Energy plc (LON:JSE)’s stock price was up 2.9% during trading on Tuesday . The company traded as high as GBX 25 and last traded at GBX 24.45. Approximately 928,098 shares were traded during trading, an increase of 37% from the average daily volume of 675,819 shares. The stock had previously closed at GBX 23.75.

Analysts Set New Price Targets

Several research firms have recently commented on JSE. Berenberg Bank restated a “buy” rating and issued a GBX 68 price objective on shares of Jadestone Energy in a research note on Friday, November 7th. Peel Hunt reissued a “buy” rating and set a GBX 50 target price on shares of Jadestone Energy in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 59.

Jadestone Energy Trading Up 2.9%

The company has a current ratio of 1.14, a quick ratio of 2.08 and a debt-to-equity ratio of 348.59. The company has a fifty day simple moving average of GBX 23.37 and a 200-day simple moving average of GBX 21.60. The company has a market capitalization of £132.56 million, a PE ratio of 6.11 and a beta of 1.43.

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.