Jersey Oil and Gas (LON:JOG) Trading Up 13.3% – Here’s Why

Shares of Jersey Oil and Gas Plc (LON:JOG) were up 13.3% during trading on Friday . The company traded as high as GBX 134 and last traded at GBX 128. 777,647 shares were traded during trading, an increase of 469% from the average daily volume of 136,638 shares. The stock had previously closed at GBX 113.

Jersey Oil and Gas Stock Up 13.3%

The company has a current ratio of 46.30, a quick ratio of 18.80 and a debt-to-equity ratio of 0.06. The firm has a market cap of £41.82 million, a PE ratio of -24.43 and a beta of 0.01. The company’s 50 day moving average price is GBX 96.89 and its two-hundred day moving average price is GBX 103.68.

Jersey Oil and Gas (LON:JOG) last released its earnings results on Tuesday, May 12th. The company reported GBX (5.24) earnings per share for the quarter. The company had revenue of GBX (217) million during the quarter. On average, equities research analysts expect that Jersey Oil and Gas Plc will post -1040.4717197 EPS for the current fiscal 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.