Jadestone Energy (LON:JSE) Reaches New 52-Week High – Should You Buy?

Jadestone Energy plc (LON:JSE) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 34 and last traded at GBX 33.80, with a volume of 1473787 shares. The stock had previously closed at GBX 32.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Jadestone Energy to a “buy” rating and set a GBX 70 target price for the company in a research note on Tuesday, April 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 74 target price on shares of Jadestone Energy in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 64.67.

Jadestone Energy Stock Up 0.3%

The company has a debt-to-equity ratio of -244.86, a current ratio of 0.94 and a quick ratio of 2.08. The firm’s 50 day moving average is GBX 29.19 and its two-hundred day moving average is GBX 25.81. The firm has a market capitalization of £174.46 million, a P/E ratio of 8.03 and a beta of 0.12.

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.