Jersey Oil and Gas (LON:JOG) Shares Down 22.2% – Time to Sell?

Jersey Oil and Gas Plc (LON:JOG) dropped 22.2% during trading on Wednesday . The stock traded as low as GBX 98.60 and last traded at GBX 112. Approximately 2,088,989 shares traded hands during trading, an increase of 1,268% from the average daily volume of 152,749 shares. The stock had previously closed at GBX 144.

Jersey Oil and Gas Price Performance

The stock’s 50-day moving average is GBX 142.78 and its 200 day moving average is GBX 129.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 69.26 and a quick ratio of 18.80. The company has a market cap of £36.59 million, a PE ratio of -22.67 and a beta of 0.96.

Jersey Oil and Gas (LON:JOG) last issued its quarterly earnings data on Thursday, September 4th. The company reported GBX (2.13) EPS for the quarter. On average, equities analysts anticipate that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jersey Oil and Gas news, insider Jason Andrew Benitz purchased 29,000 shares of the stock in a transaction on Thursday, September 11th. The stock was acquired at an average price of GBX 124 per share, with a total value of £35,960. Corporate insiders own 55.99% of the company’s stock.

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.