Jadestone Energy (LON:JSE) Shares Down 0.7% – What’s Next?

Jadestone Energy plc (LON:JSE)’s share price was down 0.7% during trading on Tuesday . The stock traded as low as GBX 30 and last traded at GBX 30.30. Approximately 428,199 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,185,997 shares. The stock had previously closed at GBX 30.50.

Analyst Ratings Changes

Several equities analysts recently commented on JSE shares. Stifel Nicolaus upgraded Jadestone Energy to a “buy” rating and set a GBX 70 price objective on the stock in a research note on Tuesday, April 21st. Berenberg Bank reiterated a “buy” rating and issued a GBX 64 price objective on shares of Jadestone Energy in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Jadestone Energy currently has a consensus rating of “Buy” and a consensus target price of GBX 61.33.

Jadestone Energy Trading Up 2.5%

The stock has a market cap of £168.48 million, a PE ratio of 7.75 and a beta of 0.12. The firm has a 50-day simple moving average of GBX 28.01 and a 200-day simple moving average of GBX 25.22. The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of 278.95.

About Jadestone Energy

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.