Jadestone Energy (LON:JSE) Trading Down 0.1% – Should You Sell?

Jadestone Energy plc (LON:JSE)’s stock price dropped 0.1% during mid-day trading on Monday . The company traded as low as GBX 23 and last traded at GBX 23.70. Approximately 268,541 shares changed hands during trading, a decline of 82% from the average daily volume of 1,524,698 shares. The stock had previously closed at GBX 23.73.

Analyst Ratings Changes

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

Jadestone Energy Stock Performance

The business has a 50-day moving average of GBX 23.15 and a 200 day moving average of GBX 21.17. The company has a debt-to-equity ratio of 348.59, a current ratio of 1.14 and a quick ratio of 2.08. The company has a market cap of £126.08 million, a PE ratio of 5.83 and a beta of 1.43.

Jadestone Energy Company Profile

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.