Jersey Oil and Gas (LON:JOG) Posts Quarterly Earnings Results

Jersey Oil and Gas (LON:JOG) announced its quarterly earnings data on Tuesday. The company reported GBX (5.24) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX (217) million for the quarter.

Jersey Oil and Gas Price Performance

JOG stock opened at GBX 97 on Thursday. The stock has a 50-day moving average price of GBX 116.48 and a two-hundred day moving average price of GBX 110.38. Jersey Oil and Gas has a 12-month low of GBX 70 and a 12-month high of GBX 167. The company has a current ratio of 46.30, a quick ratio of 18.80 and a debt-to-equity ratio of 0.06. The company has a market cap of £31.69 million, a PE ratio of -19.64 and a beta of 0.96.

About Jersey Oil and Gas

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.