Jadestone Energy (LON:JSE) Shares Down 0.7% – Here’s What Happened

Jadestone Energy plc (LON:JSE)’s share price dropped 0.7% during mid-day trading on Tuesday . The company traded as low as GBX 28.50 and last traded at GBX 29. Approximately 3,249,574 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 2,113,854 shares. The stock had previously closed at GBX 29.20.

Analyst Upgrades and Downgrades

JSE has been the topic of a number of recent research reports. Stifel Nicolaus raised Jadestone Energy to a “buy” rating and set a GBX 70 target price on the stock in a research report on Tuesday, April 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 74 target price on shares of Jadestone Energy in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 64.67.

Jadestone Energy Price Performance

The stock has a market cap of £157.95 million, a price-to-earnings ratio of -1.45 and a beta of 0.12. The company has a 50-day simple moving average of GBX 30.16 and a two-hundred day simple moving average of GBX 26.54. The company has a debt-to-equity ratio of -244.86, a quick ratio of 2.08 and a current ratio of 0.94.

About Jadestone Energy

Jadestone Energy is a leading upstream oil and gas company in the Asia Pacific region, with a focus on production and near-term development assets.