Jersey Oil and Gas (LON:JOG) Reaches New 12-Month High - Here's Why

Jersey Oil and Gas Plc (LON:JOG - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as GBX 165 ($2.26) and last traded at GBX 157.50 ($2.16), with a volume of 310321 shares traded. The stock had previously closed at GBX 159.25 ($2.19).

Jersey Oil and Gas Stock Up 1.0%

The company has a quick ratio of 18.80, a current ratio of 69.26 and a debt-to-equity ratio of 0.40. The company has a market cap of £50.00 million, a price-to-earnings ratio of -9.39 and a beta of 0.96. The stock has a fifty day moving average price of GBX 125.40 and a two-hundred day moving average price of GBX 90.18.

Jersey Oil and Gas (LON:JOG - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported GBX (10.84) (($0.15)) earnings per share for the quarter. As a group, sell-side analysts expect that Jersey Oil and Gas Plc will post -1040.4717197 EPS 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.