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

Jadestone Energy plc (LON:JSE)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 32.92 and last traded at GBX 32, with a volume of 2077207 shares trading hands. The stock had previously closed at GBX 31.25.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JSE. Stifel Nicolaus upgraded shares of Jadestone Energy to a “buy” rating and set a GBX 70 target price for the company in a report on Tuesday, April 21st. Berenberg Bank restated a “buy” rating and set a GBX 74 target price on shares of Jadestone Energy in a report on Tuesday. Three equities 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 price target of GBX 64.67.

Jadestone Energy Price Performance

The company has a debt-to-equity ratio of 278.95, a quick ratio of 2.08 and a current ratio of 0.94. The company’s fifty day simple moving average is GBX 28.29 and its two-hundred day simple moving average is GBX 25.32. The stock has a market capitalization of £173.92 million, a PE ratio of 8.00 and a beta of 0.12.

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.