Jersey Oil and Gas (LON:JOG) Trading Up 7.4% – Here’s What Happened

Jersey Oil and Gas Plc (LON:JOG) traded up 7.4% on Monday . The stock traded as high as GBX 107 and last traded at GBX 101.75. 266,566 shares changed hands during trading, an increase of 89% from the average session volume of 140,767 shares. The stock had previously closed at GBX 94.75.

Jersey Oil and Gas Stock Performance

The company has a market capitalization of £31.69 million, a PE ratio of -18.51 and a beta of 0.01. The company has a 50 day moving average of GBX 102.68 and a two-hundred day moving average of GBX 101.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 46.30 and a quick ratio of 18.80.

Jersey Oil and Gas (LON:JOG) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX (5.24) EPS for the quarter. The business had revenue of GBX (217) million during the quarter. As a group, equities research analysts predict that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current year.

Jersey Oil and Gas Company Profile

Jersey Oil & Gas is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The Company holds a significant acreage position within the Central North Sea referred to as the Greater Buchan Area, which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 88% working interest in the P2170 Licence, Blocks 20/5b & 21/1d, that contains the Verbier oil discovery.

JOG’s acreage is estimated by management to contain more than 140 million barrels of oil equivalent (“boe”) of discovered mean recoverable resources net to JOG, in addition to significant exploration upside potential.