Jersey Oil and Gas (LON:JOG) Sets New 12-Month High - Still a Buy?

Key Points

• Jersey Oil and Gas Plc's stock reached a new 12-month high, trading at GBX 167 ($2.23) with a notable trading volume of 361,198 shares.
• The company's latest earnings report showed an earnings per share of GBX (2.13) and analysts predict a significantly negative earnings per share for the current fiscal year, at -1040.47.
• Insider Jason Andrew Benitz purchased 29,000 shares at an average price of GBX 124, contributing to insiders owning 55.99% of the company's stock.

Jersey Oil and Gas Plc (LON:JOG - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as GBX 166.75 ($2.23) and last traded at GBX 167 ($2.23), with a volume of 361198 shares traded. The stock had previously closed at GBX 151.50 ($2.02).

Jersey Oil and Gas Stock Up 10.2%

The company's 50 day simple moving average is GBX 116.69 and its 200-day simple moving average is GBX 116.14. The company has a current ratio of 69.26, a quick ratio of 18.80 and a debt-to-equity ratio of 0.40. The firm has a market cap of £54.56 million, a P/E ratio of -1,540.59 and a beta of 0.96.

Jersey Oil and Gas (LON:JOG - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported GBX (2.13) earnings per share for the quarter. Research analysts forecast that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jason Andrew Benitz acquired 29,000 shares of Jersey Oil and Gas stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average price of GBX 124 per share, for a total transaction of £35,960. 55.99% of the stock is currently owned by company insiders.

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.

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