Peel Hunt Reiterates Buy Rating for Jadestone Energy (LON:JSE)

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Peel Hunt restated their buy rating on shares of Jadestone Energy (LON:JSE) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank reiterated a buy rating and issued a GBX 105 ($1.29) target price on shares of Jadestone Energy in a research report on Thursday, May 28th.

Jadestone Energy stock opened at GBX 66 ($0.81) on Friday. The company has a 50-day simple moving average of GBX 55.28 and a 200-day simple moving average of GBX 61.66. The firm has a market capitalization of $299.68 million and a P/E ratio of 9.29. The company has a debt-to-equity ratio of 38.69, a quick ratio of 0.81 and a current ratio of 1.37. Jadestone Energy has a one year low of GBX 27.10 ($0.33) and a one year high of GBX 444.20 ($5.47).

In related news, insider Dennis McShane bought 26,610 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of GBX 4,350 ($53.53) per share, for a total transaction of £1,157,535 ($1,424,483.14).

About Jadestone Energy

Jadestone Energy Inc, together with its subsidiaries, engages in the production, development, and exploration and appraisal activities in Australia, Indonesia, Vietnam, and the Philippines. Its two producing assets include the Stag Oilfield located in the Carnarvon Basin, offshore Western Australia with a total proved and probable reserves of 17.1 million barrels of oil; and the Ogan Komering production sharing contract located onshore South Sumatra, Indonesia.

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