Jersey Oil and Gas (LON:JOG) Shares Up 16.4% – Time to Buy?

Jersey Oil and Gas Plc (LON:JOG)’s share price rose 16.4% on Friday . The company traded as high as GBX 135 and last traded at GBX 134.40. 455,689 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 146,485 shares. The stock had previously closed at GBX 115.50.

Jersey Oil and Gas Trading Up 16.4%

The business has a fifty day moving average price of GBX 98.82 and a 200 day moving average price of GBX 105.04. The company has a market capitalization of £43.91 million, a PE ratio of -25.65 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 18.80 and a current ratio of 46.30.

Jersey Oil and Gas (LON:JOG) last posted its earnings results on Tuesday, May 12th. The company reported GBX (5.24) earnings per share (EPS) for the quarter. The company had revenue of GBX (217) million for the quarter. Analysts expect that Jersey Oil and Gas Plc will post -1040.4717197 EPS for the current fiscal year.

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.