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

Jadestone Energy plc (LON:JSE) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 32 and last traded at GBX 30, with a volume of 10238920 shares trading hands. The stock had previously closed at GBX 29.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a GBX 70 price objective on shares of Jadestone Energy in a research report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 68 target price on shares of Jadestone Energy in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Jadestone Energy has a consensus rating of “Buy” and an average target price of GBX 62.67.

Jadestone Energy Trading Up 2.4%

The firm has a market cap of £162.65 million, a P/E ratio of 7.50 and a beta of 0.40. The stock has a 50 day simple moving average of GBX 24.65 and a 200-day simple moving average of GBX 23.05. The company has a current ratio of 0.94, a quick ratio of 2.08 and a debt-to-equity ratio of 278.95.

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.