Jadestone Energy (LON:JSE) Upgraded to Buy at Stifel Nicolaus

Jadestone Energy (LON:JSE) was upgraded by equities researchers at Stifel Nicolaus to a “buy” rating in a note issued to investors on Tuesday,Digital Look reports. The firm presently has a GBX 70 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 148.23% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 64 price objective on shares of Jadestone Energy in a research note on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 61.33.

Jadestone Energy Price Performance

LON:JSE traded up GBX 0.20 during trading hours on Tuesday, reaching GBX 28.20. The stock had a trading volume of 1,258,721 shares, compared to its average volume of 2,248,789. The company has a debt-to-equity ratio of 278.95, a quick ratio of 2.08 and a current ratio of 0.94. Jadestone Energy has a 52 week low of GBX 17 and a 52 week high of GBX 32. The company has a 50 day moving average price of GBX 26.07 and a two-hundred day moving average price of GBX 24.48. The stock has a market capitalization of £153.27 million, a PE ratio of 7.05 and a beta of 0.11.

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.