Union Jack Oil plc (LON: UJO) experienced a significant drop in its stock price on Thursday, reaching a new 52-week low. During mid-day trading, shares fell to as low as GBX 2.30 before closing at GBX 2.33, representing a decline of 2.9%. In total, 59,368 shares changed hands, with the stock previously closing at GBX 2.40.
The company’s market capitalization is currently estimated at £3.41 million, alongside a price-to-earnings ratio of -3.88 and a PEG ratio of 0.21. The stock’s volatility is reflected in its beta of 0.77. Union Jack Oil’s 50-day moving average stands at GBX 3.30, while its 200-day moving average is notably higher at GBX 5.30.
Recent Financial Performance
On September 29, 2023, Union Jack Oil announced its quarterly earnings, reporting an earnings per share (EPS) of GBX (0.46) for the quarter. The company has achieved a return on equity of 4.87% and maintains a net margin of 28.17%. Analysts project that Union Jack Oil will post an EPS of 1.77 for the current year, indicating potential for recovery in the future.
Founded in 2011, Union Jack Oil operates as an onshore oil and gas company in the United Kingdom. The firm is engaged in production, drilling, development, and investment in hydrocarbon projects. It holds interests in several key projects, including Wilzetta, West Newton, Wressle Discovery, and others across the UK.
As the stock continues to experience fluctuations, investors may consider the implications of these recent developments. The decline in stock price raises questions about the company’s future performance and its potential for recovery in an increasingly competitive market.
