Jersey Oil and Gas (LON:JOG) Trading Down 12.2% – Here’s Why

Shares of Jersey Oil and Gas Plc (LON:JOGGet Free Report) traded down 12.2% during mid-day trading on Monday . The stock traded as low as GBX 117.30 and last traded at GBX 118. 230,187 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 147,426 shares. The stock had previously closed at GBX 134.40.

Jersey Oil and Gas Trading Up 3.1%

The company has a 50 day simple moving average of GBX 100.46 and a 200 day simple moving average of GBX 105.48. The company has a market capitalization of £37.57 million, a PE ratio of -21.95 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 18.80 and a current ratio of 46.30.

Jersey Oil and Gas (LON:JOGGet Free Report) last released its 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. Analysts anticipate that Jersey Oil and Gas Plc will post -1040.4717197 earnings per share for the current year.

Jersey Oil and Gas Company Profile

(Get Free Report)

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.

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