Jersey Oil and Gas (LON:JOG) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Jersey Oil and Gas Plc (LON:JOG)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 109.09 and traded as low as GBX 88. Jersey Oil and Gas shares last traded at GBX 90, with a volume of 85,572 shares trading hands.

Jersey Oil and Gas Stock Performance

The company has a quick ratio of 18.80, a current ratio of 46.30 and a debt-to-equity ratio of 0.06. The stock has a market cap of £29.56 million, a price-to-earnings ratio of -18.32 and a beta of 0.96. The company has a 50 day simple moving average of GBX 109.09 and a 200 day simple moving average of GBX 105.91.

Jersey Oil and Gas (LON:JOG) last posted its quarterly earnings results on Tuesday, May 12th. The company reported GBX (5.24) earnings per share for the quarter. The firm had revenue of GBX (217) million for the quarter. As a group, equities research analysts forecast that Jersey Oil and Gas Plc will post -1040.4717197 EPS for the current year.

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.