Jersey Oil and Gas (LON:JOG) Trading Up 16.4% – Still a Buy?

Jersey Oil and Gas Plc (LON:JOG)’s stock price was up 16.4% during mid-day trading on Friday . The company traded as high as GBX 135 and last traded at GBX 134.40. Approximately 455,689 shares changed hands during mid-day trading, an increase of 211% from the average daily volume of 146,485 shares. The stock had previously closed at GBX 115.50.

Jersey Oil and Gas Stock Performance

The firm has a fifty day simple moving average of GBX 99.57 and a 200 day simple moving average of GBX 105.25. The company has a market cap of £43.91 million, a price-to-earnings ratio of -25.65 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 46.30 and a quick ratio of 18.80.

Jersey Oil and Gas (LON:JOG) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX (5.24) earnings per share (EPS) for the quarter. The business had revenue of GBX (217) million for the quarter. On average, sell-side analysts expect that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current fiscal 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.