Jersey Oil and Gas (LON:JOG) Announces Quarterly Earnings Results

Jersey Oil and Gas (LON:JOG) announced its quarterly earnings results on Wednesday. The company reported GBX (10.84) (($0.15)) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Jersey Oil and Gas Price Performance

JOG stock opened at GBX 126.50 ($1.71) on Friday. The stock has a market cap of £41.61 million, a price-to-earnings ratio of -7.82 and a beta of 0.96. Jersey Oil and Gas has a fifty-two week low of GBX 45.60 ($0.62) and a fifty-two week high of GBX 158.40 ($2.14). The company has a quick ratio of 18.80, a current ratio of 69.26 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of GBX 110.33 and a 200 day moving average price of GBX 79.77.

Insiders Place Their Bets

In other news, insider Jason Andrew Benitz acquired 47,166 shares of the company’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of GBX 53 ($0.72) per share, with a total value of £24,997.98 ($33,740.02). 55.99% of the stock is owned by corporate 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.