Jadestone Energy (LON:JSE) Shares Up 4% – Time to Buy?

Jadestone Energy plc (LON:JSE) was up 4% during trading on Wednesday . The stock traded as high as GBX 29.50 and last traded at GBX 29.38. 273,059 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,940,420 shares. The stock had previously closed at GBX 28.25.

Analyst Upgrades and Downgrades

JSE has been the topic of a number of recent analyst reports. Stifel Nicolaus raised Jadestone Energy to a “buy” rating and set a GBX 70 price target on the stock in a report on Tuesday, April 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 74 price objective on shares of Jadestone Energy in a report on Tuesday, May 19th. Three equities 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 Down 1.7%

The business’s 50 day moving average is GBX 30.34 and its two-hundred day moving average is GBX 27.16. The company has a quick ratio of 2.08, a current ratio of 0.94 and a debt-to-equity ratio of -244.86. The firm has a market capitalization of £155.30 million, a P/E ratio of -1.43 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.