Insider Selling: Jadestone Energy plc (LON:JSE) Insider Sells 109,073 Shares of Stock

Jadestone Energy plc (LON:JSEGet Rating) insider David Loren Neuhauser sold 109,073 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of GBX 77 ($0.91), for a total transaction of £83,986.21 ($99,309.70).

Jadestone Energy Price Performance

Jadestone Energy stock opened at GBX 73.60 ($0.87) on Wednesday. The stock has a market cap of £334.32 million and a P/E ratio of 1,472.00. The company has a fifty day simple moving average of GBX 72.82 and a 200-day simple moving average of GBX 85.64. Jadestone Energy plc has a 12-month low of GBX 5 ($0.06) and a 12-month high of GBX 110 ($1.30). The company has a current ratio of 2.82, a quick ratio of 2.08 and a debt-to-equity ratio of 5.78.

Jadestone Energy Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a dividend yield of 0.77%. Jadestone Energy’s dividend payout ratio (DPR) is currently 37.50%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on shares of Jadestone Energy from GBX 125 ($1.48) to GBX 105 ($1.24) and set a “buy” rating for the company in a research report on Thursday, November 17th.

Jadestone Energy Company Profile

(Get Rating)

Jadestone Energy plc operates as an independent oil and gas development and production company in the Asia Pacific region. The company holds 100% operated working interests in the Stag oilfield and Montara project located in offshore Western Australia; and two gas development blocks in Malay Basin, Southwest Vietnam.

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