Jadestone Energy (LON:JSE) Hits New 1-Year High – Should You Buy?

Jadestone Energy plc (LON:JSE) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 39 and last traded at GBX 38.88, with a volume of 2,607,230 shares trading hands. The stock had previously closed at GBX 38.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 71 target price on shares of Jadestone Energy in a report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Jadestone Energy currently has an average rating of “Buy” and an average target price of GBX 70.50.

Jadestone Energy Stock Up 2.3%

The stock’s fifty day simple moving average is GBX 34.86 and its two-hundred day simple moving average is GBX 31.45. The company has a debt-to-equity ratio of -276.87, a current ratio of 2.27 and a quick ratio of 2.08. The company has a market capitalization of £211.84 million, a price-to-earnings ratio of -1.39 and a beta of 0.13.

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.