Jadestone Energy (LON:JSE) Shares Up 2.9% – Still a Buy?

Jadestone Energy plc (LON:JSE) shares traded up 2.9% during mid-day trading on Tuesday . The company traded as high as GBX 25 and last traded at GBX 24.45. 928,098 shares changed hands during trading, an increase of 37% from the average session volume of 675,819 shares. The stock had previously closed at GBX 23.75.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JSE shares. Peel Hunt reissued a “buy” rating and issued a GBX 50 price target on shares of Jadestone Energy in a report on Tuesday, September 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 68 target price on shares of Jadestone Energy in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 59.

Jadestone Energy Price Performance

The stock has a market capitalization of £132.56 million, a PE ratio of 6.11 and a beta of 1.43. 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 firm’s 50 day simple moving average is GBX 23.37 and its 200 day simple moving average is GBX 21.60.

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.