Peel Hunt Reiterates "Buy" Rating for Jadestone Energy (LON:JSE)

Key Points

• Peel Hunt has reaffirmed its "buy" rating for Jadestone Energy (LON:JSE) with a target price of GBX 50, indicating a potential upside of 159.74% from the current stock price.
• Jadestone Energy's stock experienced a 2.0% increase, opening at GBX 19.25 with a market capitalization of £104.16 million.
• Insider Gunter Waldner purchased nearly 4.9 million shares at an average cost of GBX 19, contributing to a total of 5.7 million shares bought by insiders recently.

Jadestone Energy (LON:JSE - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Peel Hunt in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 50 price target on the stock. Peel Hunt's target price would suggest a potential upside of 159.74% from the stock's current price.

Jadestone Energy Stock Up 2.0%

Jadestone Energy stock opened at GBX 19.25 on Tuesday. The firm has a market capitalization of £104.16 million, a PE ratio of -240.63 and a beta of 1.43. The company's 50-day moving average is GBX 19.52 and its 200-day moving average is GBX 20.41. Jadestone Energy has a fifty-two week low of GBX 17 and a fifty-two week high of GBX 33. The company has a debt-to-equity ratio of 348.59, a current ratio of 1.14 and a quick ratio of 2.08.

Insider Buying and Selling at Jadestone Energy

In other news, insider Gunter Waldner acquired 4,894,444 shares of the stock in a transaction dated Monday, July 21st. The shares were bought at an average cost of GBX 19 per share, for a total transaction of £929,944.36. In the last quarter, insiders have bought 5,747,925 shares of company stock worth $109,210,575. 35.50% of the stock is owned by insiders.

Jadestone Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.