Jersey Oil and Gas (LON:JOG) Posts Earnings Results

Jersey Oil and Gas (LON:JOG) announced its earnings results on Tuesday. The company reported GBX (5.24) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX (217) million during the quarter.

Jersey Oil and Gas Stock Performance

JOG traded down GBX 1 on Tuesday, hitting GBX 103. 96,642 shares of the company traded hands, compared to its average volume of 154,892. The stock has a market capitalization of £33.65 million, a PE ratio of -20.85 and a beta of 0.96. The company has a 50 day moving average of GBX 117.07 and a 200-day moving average of GBX 110.95. Jersey Oil and Gas has a 12-month low of GBX 70 and a 12-month high of GBX 167. The company has a quick ratio of 18.80, a current ratio of 79.11 and a debt-to-equity ratio of 0.18.

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.