Jersey Oil and Gas (LON:JOG) Shares Down 10.7% – Should You Sell?

Shares of Jersey Oil and Gas Plc (LON:JOG) were down 10.7% during trading on Tuesday . The company traded as low as GBX 120 and last traded at GBX 121.50. 609,480 shares traded hands during trading, an increase of 323% from the average daily volume of 144,161 shares. The stock had previously closed at GBX 136.

Jersey Oil and Gas Stock Performance

The business has a 50 day simple moving average of GBX 97.81 and a two-hundred day simple moving average of GBX 104.42. The firm has a market cap of £39.69 million, a PE ratio of -23.19 and a beta of 0.01. The company has a quick ratio of 18.80, a current ratio of 46.30 and a debt-to-equity ratio of 0.06.

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