Union Jack Oil (LON:UJO) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Union Jack Oil plc (LON:UJO)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.33 ($0.14) and traded as low as GBX 8.80 ($0.12). Union Jack Oil shares last traded at GBX 9.20 ($0.12), with a volume of 117,087 shares.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Union Jack Oil in a report on Tuesday, February 25th.

Union Jack Oil Price Performance

The company has a market cap of £10.23 million, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.21 and a beta of 0.77. The business’s fifty day moving average price is GBX 9.30 and its 200 day moving average price is GBX 10.33.

Union Jack Oil (LON:UJO) last released its earnings results on Monday, May 19th. The company reported GBX 0.61 ($0.01) earnings per share (EPS) for the quarter. Union Jack Oil had a net margin of 28.17% and a return on equity of 4.87%. As a group, equities research analysts anticipate that Union Jack Oil plc will post 1.7711172 EPS for the current year.

Union Jack Oil Company Profile

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the Wilzetta, West Newton, Wressle Discovery, Broughton North, Biscathorpe, Keddington Oilfield Louth, North Somercotes, Fiskerton Oilfield, North Kelsey, Dukes Wood, Kirklington, Widmerpool Gulf, Laughton, and Humber Basin projects.