Jadestone Energy (LON:JSE) Reaches New 52-Week High – What’s Next?

Jadestone Energy plc (LON:JSE)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 34 and last traded at GBX 33.80, with a volume of 1473787 shares traded. The stock had previously closed at GBX 32.80.

Analysts Set New Price Targets

Several research firms have weighed in on JSE. Berenberg Bank reissued a “buy” rating and issued a GBX 74 price target on shares of Jadestone Energy in a research note on Tuesday, May 19th. Stifel Nicolaus raised shares of Jadestone Energy to a “buy” rating and set a GBX 70 price target for the company in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 64.67.

Jadestone Energy Trading Up 3.0%

The stock has a market capitalization of £183.70 million, a P/E ratio of 8.45 and a beta of 0.12. The firm’s 50 day moving average price is GBX 28.90 and its 200 day moving average price is GBX 25.62. The company has a debt-to-equity ratio of -244.86, a current ratio of 0.94 and a quick ratio of 2.08.

About Jadestone Energy

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.