Jersey Oil and Gas (LON:JOG) Issues Earnings Results

Jersey Oil and Gas (LON:JOG) announced its quarterly earnings results on Tuesday. The company reported GBX (2.53) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Jersey Oil and Gas Trading Up 5.4%

LON JOG opened at GBX 107.50 on Tuesday. The company has a market cap of £35.12 million, a price-to-earnings ratio of -20.52 and a beta of 0.03. Jersey Oil and Gas has a 52 week low of GBX 70 and a 52 week high of GBX 164. The business has a 50 day moving average price of GBX 110.60 and a 200-day moving average price of GBX 107.53. The company has a quick ratio of 18.80, a current ratio of 46.30 and a debt-to-equity ratio of 0.06.

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.