Jersey Oil and Gas (LON:JOG) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Jersey Oil and Gas Plc (LON:JOG) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 104.99 and traded as high as GBX 124. Jersey Oil and Gas shares last traded at GBX 121, with a volume of 62,595 shares trading hands.

Jersey Oil and Gas Stock Performance

The firm has a 50-day moving average of GBX 104.99 and a 200 day moving average of GBX 106.22. The stock has a market capitalization of £39.53 million, a P/E ratio of -23.09 and a beta of 0.01. The company has a quick ratio of 18.80, a current ratio of 46.30 and a debt-to-equity ratio of 0.06.

Jersey Oil and Gas (LON:JOG) last issued its earnings results on Tuesday, May 12th. The company reported GBX (5.24) earnings per share for the quarter. The firm had revenue of GBX (217) million for the quarter. Research analysts anticipate that Jersey Oil and Gas Plc will post -1040.4717197 EPS for the current fiscal year.

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.