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

Jadestone Energy plc (LON:JSE) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 38 and last traded at GBX 37.39, with a volume of 1606040 shares trading hands. The stock had previously closed at GBX 37.10.

Wall Street Analyst Weigh In

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

Jadestone Energy Stock Up 0.8%

The company has a debt-to-equity ratio of -276.87, a quick ratio of 2.08 and a current ratio of 2.27. The company’s 50-day moving average price is GBX 31.67 and its 200 day moving average price is GBX 29.79. The stock has a market capitalization of £203.74 million, a P/E ratio of -1.34 and a beta of 0.14.

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.