Jersey Oil and Gas (LON:JOG) Stock Price Down 10.7% – Time to Sell?

Jersey Oil and Gas Plc (LON:JOG)’s stock price was down 10.7% during trading on Tuesday . The company traded as low as GBX 120 and last traded at GBX 121.50. Approximately 609,480 shares changed hands during mid-day trading, an increase of 323% from the average daily volume of 144,161 shares. The stock had previously closed at GBX 136.

Jersey Oil and Gas Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 46.30 and a quick ratio of 18.80. The company has a market cap of £39.69 million, a PE ratio of -23.19 and a beta of 0.01. The business has a fifty day simple moving average of GBX 97.81 and a two-hundred day simple moving average of GBX 104.42.

Jersey Oil and Gas (LON:JOG) last released its quarterly earnings results on Tuesday, May 12th. The company reported GBX (5.24) EPS for the quarter. The firm had revenue of GBX (217) million during the quarter. Research analysts anticipate 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.