Jadestone Energy (LON:JSE) Sets New 12-Month High – Time to Buy?

Jadestone Energy plc (LON:JSE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 38 and last traded at GBX 37.30, with a volume of 1395092 shares trading hands. The stock had previously closed at GBX 37.

Wall Street Analysts Forecast Growth

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

Jadestone Energy Stock Performance

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 firm has a market cap of £203.26 million, a P/E ratio of -1.33 and a beta of 0.14. The business’s 50-day simple moving average is GBX 30.97 and its 200 day simple moving average is GBX 29.44.

About Jadestone Energy

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.