Jadestone Energy (LON:JSE) Stock Price Up 1% – Still a Buy?

Jadestone Energy plc (LON:JSE)’s share price was up 1% on Wednesday . The company traded as high as GBX 31.65 and last traded at GBX 31.30. 5,189,347 shares traded hands during mid-day trading, an increase of 185% from the average session volume of 1,822,944 shares. The stock had previously closed at GBX 31.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JSE. Berenberg Bank reaffirmed a “buy” rating and set a GBX 74 target price on shares of Jadestone Energy in a research note on Wednesday, July 29th. Stifel Nicolaus upgraded Jadestone Energy to a “buy” rating and set a GBX 70 price target for the company in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 64.67.

Jadestone Energy Stock Up 1.0%

The stock has a market capitalization of £170.56 million, a price-to-earnings ratio of -1.56 and a beta of 0.13. The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of -244.86. The stock has a 50 day moving average price of GBX 29.51 and a 200 day moving average price of GBX 28.45.

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.