Jadestone Energy (LON:JSE) Trading 3.2% Higher – Here’s What Happened

Jadestone Energy plc (LON:JSE) shares traded up 3.2% during mid-day trading on Thursday . The stock traded as high as GBX 26 and last traded at GBX 25.90. 1,422,305 shares traded hands during trading, a decline of 38% from the average session volume of 2,310,937 shares. The stock had previously closed at GBX 25.10.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JSE shares. Berenberg Bank reissued a “buy” rating and issued a GBX 64 target price on shares of Jadestone Energy in a research report on Thursday, March 19th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 70 target price on shares of Jadestone Energy in a research report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 61.33.

Jadestone Energy Stock Performance

The firm has a 50-day moving average of GBX 25.65 and a 200-day moving average of GBX 24.02. The company has a current ratio of 0.94, a quick ratio of 2.08 and a debt-to-equity ratio of 278.95. The stock has a market capitalization of £140.77 million, a price-to-earnings ratio of 6.48 and a beta of 0.11.

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.