Jadestone Energy (LON:JSE) Hits New 12-Month High – Should You Buy?

Shares of Jadestone Energy plc (LON:JSE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 27.50 and last traded at GBX 26.50, with a volume of 3294118 shares changing hands. The stock had previously closed at GBX 25.10.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 68 price objective on shares of Jadestone Energy in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Jadestone Energy has an average rating of “Buy” and an average price target of GBX 59.

Jadestone Energy Price Performance

The firm has a market capitalization of £143.67 million, a P/E ratio of 6.63 and a beta of 0.43. The stock’s fifty day simple moving average is GBX 23.94 and its 200 day simple moving average is GBX 22.55. The company has a debt-to-equity ratio of 278.95, a current ratio of 0.94 and a quick ratio of 2.08.

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.