Jadestone Energy (LON:JSE) Trading Up 4% – Still a Buy?

Jadestone Energy plc (LON:JSE)’s share price shot up 4% during mid-day trading on Wednesday . The company traded as high as GBX 29.50 and last traded at GBX 29.38. 273,059 shares were traded during trading, a decline of 86% from the average daily volume of 1,940,420 shares. The stock had previously closed at GBX 28.25.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JSE. Stifel Nicolaus upgraded shares of Jadestone Energy to a “buy” rating and set a GBX 70 price target on the stock in a research note on Tuesday, April 21st. Berenberg Bank reiterated a “buy” rating and set a GBX 74 price objective on shares of Jadestone Energy in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Jadestone Energy has an average rating of “Buy” and a consensus target price of GBX 64.67.

Jadestone Energy Price Performance

The business has a fifty day moving average price of GBX 30.37 and a 200 day moving average price of GBX 27.11. The company has a debt-to-equity ratio of -244.86, a current ratio of 0.94 and a quick ratio of 2.08. The company has a market capitalization of £160.07 million, a price-to-earnings ratio of -1.47 and a beta of 0.12.

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.