Jersey Oil and Gas (LON:JOG) Trading Down 22.2% – Should You Sell?

Jersey Oil and Gas Plc (LON:JOG) was down 22.2% on Wednesday . The stock traded as low as GBX 98.60 and last traded at GBX 112. Approximately 2,088,989 shares were traded during mid-day trading, an increase of 1,268% from the average daily volume of 152,749 shares. The stock had previously closed at GBX 144.

Jersey Oil and Gas Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 69.26 and a quick ratio of 18.80. The company has a market cap of £36.59 million, a PE ratio of -22.67 and a beta of 0.96. The company has a 50-day moving average price of GBX 142.98 and a two-hundred day moving average price of GBX 129.55.

Jersey Oil and Gas (LON:JOG) last announced its earnings results on Thursday, September 4th. The company reported GBX (2.13) EPS for the quarter. Sell-side analysts expect that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jason Andrew Benitz bought 29,000 shares of Jersey Oil and Gas stock in a transaction dated Thursday, September 11th. The shares were acquired at an average cost of GBX 124 per share, with a total value of £35,960. 55.99% of the stock is owned by corporate insiders.

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.