Jersey Oil and Gas (LON:JOG) Shares Cross Above 50 Day Moving Average – What’s Next?

Jersey Oil and Gas Plc (LON:JOG) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 96.73 and traded as high as GBX 108. Jersey Oil and Gas shares last traded at GBX 106.50, with a volume of 138,623 shares changing hands.

Jersey Oil and Gas Trading Up 3.7%

The firm has a market cap of £36.91 million, a price-to-earnings ratio of -21.56 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 46.30 and a quick ratio of 18.80. The business has a 50-day moving average of GBX 96.89 and a 200-day moving average of GBX 103.68.

Jersey Oil and Gas (LON:JOG) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX (5.24) EPS for the quarter. The company had revenue of GBX (217) million during the quarter. Research analysts anticipate that Jersey Oil and Gas Plc will post -1040.4717197 EPS for the current year.

About Jersey Oil and Gas

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.