Jersey Oil and Gas (LON:JOG) Shares Down 22.2% – What’s Next?

Jersey Oil and Gas Plc (LON:JOG) was down 22.2% on Wednesday . The stock traded as low as GBX 98.60 and last traded at GBX 112. Approximately 2,088,989 shares traded hands during trading, an increase of 1,268% from the average daily volume of 152,749 shares. The stock had previously closed at GBX 144.

Jersey Oil and Gas Trading Down 22.2%

The business has a 50 day simple moving average of GBX 142.98 and a 200-day simple moving average of GBX 129.55. The company has a current ratio of 69.26, a quick ratio of 18.80 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of £36.59 million, a price-to-earnings ratio of -22.67 and a beta of 0.96.

Jersey Oil and Gas (LON:JOG) last released its earnings results on Thursday, September 4th. The company reported GBX (2.13) earnings per share (EPS) for the quarter. On average, equities analysts predict that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current year.

Insiders Place Their Bets

In other Jersey Oil and Gas news, insider Jason Andrew Benitz acquired 29,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was bought at an average cost of GBX 124 per share, for a total transaction of £35,960. 55.99% of the stock is currently owned by company insiders.

About Jersey Oil and Gas

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.