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

Shares of Jadestone Energy plc (LON:JSE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 35 and last traded at GBX 34.40, with a volume of 2181221 shares. The stock had previously closed at GBX 32.70.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 71 price objective on shares of Jadestone Energy in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 63.67.

Jadestone Energy Price Performance

The firm has a market cap of £196.17 million, a price-to-earnings ratio of -1.80 and a beta of 0.13. The business has a fifty day simple moving average of GBX 30.27 and a 200 day simple moving average of GBX 29.07. The company has a debt-to-equity ratio of -276.87, a current ratio of 2.27 and a quick ratio of 2.08.

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.