Jersey Oil and Gas (LON:JOG) Stock Price Down 7.1% – Here’s Why

Jersey Oil and Gas Plc (LON:JOG) fell 7.1% during trading on Friday. The company traded as low as GBX 97 and last traded at GBX 97.50. 155,238 shares were traded during mid-day trading, an increase of 16% from the average session volume of 133,614 shares. The stock had previously closed at GBX 105.

Jersey Oil and Gas Stock Down 7.1%

The company has a market cap of £31.85 million, a P/E ratio of -18.61 and a beta of 0.03. 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 firm has a fifty day moving average price of GBX 109.96 and a 200 day moving average price of GBX 107.21.

Jersey Oil and Gas (LON:JOG) last issued its quarterly earnings results on Tuesday, September 29th. The company reported GBX (2.53) earnings per share (EPS) for the quarter. Equities research analysts forecast that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current year.

Jersey Oil and Gas Company Profile

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.