Peel Hunt Reaffirms “Buy” Rating for Jadestone Energy (LON:JSE)

Peel Hunt reissued their buy rating on shares of Jadestone Energy (LON:JSE) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank upped their target price on Jadestone Energy from GBX 110 ($1.35) to GBX 120 ($1.48) and gave the stock a buy rating in a research report on Wednesday, July 1st.

Shares of Jadestone Energy stock opened at GBX 64 ($0.79) on Thursday. The stock has a market capitalization of $295.07 million and a P/E ratio of 9.14. The company has a quick ratio of 0.81, a current ratio of 1.37 and a debt-to-equity ratio of 38.69. The stock has a 50 day moving average price of GBX 67.10 and a two-hundred day moving average price of GBX 60.08. Jadestone Energy has a 12-month low of GBX 0.63 ($0.01) and a 12-month high of GBX 444.20 ($5.47).

About Jadestone Energy

Jadestone Energy Inc, together with its subsidiaries, engages in the production, development, and exploration and appraisal activities in Australia, Indonesia, Vietnam, and the Philippines. Its two producing assets include the Stag Oilfield located in the Carnarvon Basin, offshore Western Australia with a total proved and probable reserves of 17.1 million barrels of oil; and the Ogan Komering production sharing contract located onshore South Sumatra, Indonesia.

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