Jersey Oil and Gas (LON:JOG) Announces Earnings Results

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

Jersey Oil and Gas Trading Down 1.0%

LON JOG traded down GBX 1 during trading hours on Tuesday, reaching GBX 103. The company’s stock had a trading volume of 102,642 shares, compared to its average volume of 154,960. The firm has a fifty day simple moving average of GBX 117.07 and a 200-day simple moving average of GBX 110.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 79.11 and a quick ratio of 18.80. Jersey Oil and Gas has a 52 week low of GBX 70 and a 52 week high of GBX 167. The stock has a market cap of £33.65 million, a P/E ratio of -20.85 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.