Jadestone Energy (LON:JSE) Sets New 52-Week High – Still a Buy?

Shares of Jadestone Energy plc (LON:JSE) hit a new 52-week high on Tuesday . The company traded as high as GBX 32.92 and last traded at GBX 32, with a volume of 2077207 shares changing hands. The stock had previously closed at GBX 31.25.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus raised shares of Jadestone Energy to a “buy” rating and set a GBX 70 target price on the stock in a research report on Tuesday, April 21st. Berenberg Bank reissued a “buy” rating and set a GBX 74 target price on shares of Jadestone Energy in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Jadestone Energy has a consensus rating of “Buy” and a consensus price target of GBX 64.67.

Jadestone Energy Trading Up 2.4%

The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of 278.95. The firm’s 50 day simple moving average is GBX 28.29 and its two-hundred day simple moving average is GBX 25.32. The stock has a market cap of £173.92 million, a P/E ratio of 8.00 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.