AIM:JOG

Stock Analysis Report

Executive Summary

Jersey Oil and Gas Plc engages in the acquisition, exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Jersey Oil and Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JOG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

31.1%

JOG

6.6%

GB Oil and Gas

8.6%

GB Market


1 Year Return

-7.3%

JOG

-34.7%

GB Oil and Gas

-19.4%

GB Market

Return vs Industry: JOG exceeded the UK Oil and Gas industry which returned -36.8% over the past year.

Return vs Market: JOG exceeded the UK Market which returned -23.6% over the past year.


Shareholder returns

JOGIndustryMarket
7 Day31.1%6.6%8.6%
30 Day2.2%8.4%-3.5%
90 Day-55.4%-34.0%-23.0%
1 Year-7.3%-7.3%-31.3%-34.7%-15.5%-19.4%
3 Year-77.4%-77.4%-8.5%-20.0%-8.8%-19.9%
5 Year-4.1%-4.1%-2.3%-21.9%4.2%-19.0%

Price Volatility Vs. Market

How volatile is Jersey Oil and Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jersey Oil and Gas undervalued compared to its fair value and its price relative to the market?

0.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate JOG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate JOG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: JOG is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: JOG is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JOG is overvalued based on its PB Ratio (0.6x) compared to the GB Oil and Gas industry average (0.4x).


Next Steps

Future Growth

How is Jersey Oil and Gas forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JOG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: JOG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: JOG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if JOG's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if JOG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JOG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Jersey Oil and Gas performed over the past 5 years?

73.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JOG is currently unprofitable.

Growing Profit Margin: JOG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JOG is unprofitable, but has reduced losses over the past 5 years at a rate of 73.2% per year.

Accelerating Growth: Unable to compare JOG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (47.5%).


Return on Equity

High ROE: JOG has a negative Return on Equity (-6.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Jersey Oil and Gas's financial position?


Financial Position Analysis

Short Term Liabilities: JOG's short term assets (£16.0M) exceed its short term liabilities (£608.9K).

Long Term Liabilities: JOG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: JOG is debt free.

Reducing Debt: JOG has no debt compared to 5 years ago when its debt to equity ratio was 3.9%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if JOG has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if JOG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Jersey Oil and Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate JOG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JOG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JOG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average board tenure


CEO

J. Benitz (42yo)

no data

Tenure

UK£177,000

Compensation

Mr. J. Andrew Benitz serves as the Chief Executive Officer of Jersey Oil and Gas Plc. Mr. Benitz served as Chief Executive Officer of PetroMaroc Corporation plc from December 20, 2012 to December 2013. Mr. ...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD218.50K) is below average for companies of similar size in the UK market ($USD335.16K).

Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
J. Benitz
CEO & Executive Directorno dataUK£177.00k2.87% £435.9k
Vicary Gibbs
CFO & Executive Director1.42yrsUK£171.42k0.076% £11.5k
Ronald Lansdell
COO & Executive Director4.67yrsUK£172.00k4.64% £704.4k
Marcus John Stanton
Independent Non-Executive Chairman5.67yrsUK£50.00k0.37% £55.6k
Frank Moxon
Independent Non-Executive Director4.5yrsUK£30.00k0.39% £59.0k
Christopher Haynes
Board Adviserno datano datano data

4.7yrs

Average Tenure

59yo

Average Age

Experienced Board: JOG's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JOG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.1%.


Top Shareholders

Company Information

Jersey Oil and Gas Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jersey Oil and Gas Plc
  • Ticker: JOG
  • Exchange: AIM
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£15.171m
  • Shares outstanding: 21.83m
  • Website: https://www.jerseyoilandgas.com

Number of Employees


Location

  • Jersey Oil and Gas Plc
  • Howard House
  • 9 The Esplanade
  • Saint Helier
  • JE2 3QA
  • Jersey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JOGAIM (London Stock Exchange AIM Market)YesNew Ordinary SharesGBGBPMar 2011
JYOG.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDMar 2011
TPC1BST (Boerse-Stuttgart)YesNew Ordinary SharesDEEURMar 2011

Biography

Jersey Oil and Gas Plc engages in the acquisition, exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom. It holds a 100% interest in the Buchan and J2 project, which include P2498 Blocks 20/5A and 21/1A licenses; an 18% interest in the Verbier project covering P2170 Blocks 20/5B and 21/1D licenses; a 100% interest in the Glenn project comprising P2499 Block 21/2a license; and a 100% interest in the Zermatt project consisting of P2497 Blocks 20/4c license. The company was formerly known as Trap Oil Group plc and changed its name to Jersey Oil and Gas Plc in August 2015. Jersey Oil and Gas Plc was founded in 2007 and is headquartered in Saint Helier, Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 00:33
End of Day Share Price2020/04/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.