Jersey Oil and Gas (LON:JOG) Shares Up 7.4% – Still a Buy?

Jersey Oil and Gas Plc (LON:JOG) rose 7.4% during mid-day trading on Monday . The stock traded as high as GBX 107 and last traded at GBX 101.75. 266,566 shares traded hands during trading, an increase of 89% from the average session volume of 140,767 shares. The stock had previously closed at GBX 94.75.

Jersey Oil and Gas Trading Up 7.4%

The company has a market cap of £33.24 million, a price-to-earnings ratio of -19.42 and a beta of 0.01. The firm has a 50-day moving average price of GBX 103.12 and a 200 day moving average price of GBX 101.13. The company has a current ratio of 46.30, a quick ratio of 18.80 and a debt-to-equity ratio of 0.06.

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

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.