Jagged Peak Energy (JAG) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Jagged Peak Energy (NYSE:JAG) from a hold rating to a sell rating in a research report report published on Sunday morning.

A number of other equities research analysts also recently commented on JAG. Seaport Global Securities assumed coverage on Jagged Peak Energy in a report on Thursday, September 28th. They set a buy rating and a $16.00 target price for the company. Zacks Investment Research raised Jagged Peak Energy from a sell rating to a hold rating in a report on Wednesday, September 20th. Royal Bank of Canada set a $18.00 target price on Jagged Peak Energy and gave the stock a buy rating in a report on Wednesday, December 20th. Bank of America assumed coverage on Jagged Peak Energy in a report on Monday, October 16th. They set a buy rating for the company. Finally, BMO Capital Markets set a $17.00 target price on Jagged Peak Energy and gave the stock a buy rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. Jagged Peak Energy presently has a consensus rating of Buy and a consensus target price of $17.61.

Shares of Jagged Peak Energy (NYSE:JAG) opened at $15.78 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $16.55. The company has a market capitalization of $3,360.05 and a PE ratio of -37.57.

Jagged Peak Energy (NYSE:JAG) last released its earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The firm had revenue of $70.45 million during the quarter, compared to the consensus estimate of $72.50 million. The company’s revenue for the quarter was up 219.3% compared to the same quarter last year. analysts expect that Jagged Peak Energy will post 0.28 EPS for the current fiscal year.

In other news, CEO Joseph N. Jaggers sold 175,773 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $15.86, for a total value of $2,787,759.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shonn D. Stahlecker sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $15.04, for a total value of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares of the company’s stock, valued at $5,609,709.44. The disclosure for this sale can be found here. Insiders sold 391,246 shares of company stock valued at $6,070,480 over the last three months.

Several institutional investors have recently bought and sold shares of the company. Gen IV Investment Opportunities LLC increased its position in shares of Jagged Peak Energy by 12.3% in the third quarter. Gen IV Investment Opportunities LLC now owns 578,997 shares of the mining company’s stock valued at $7,909,000 after buying an additional 63,565 shares in the last quarter. Anchor Bolt Capital LP purchased a new stake in shares of Jagged Peak Energy in the third quarter valued at approximately $707,000. California State Teachers Retirement System increased its position in shares of Jagged Peak Energy by 64.4% in the third quarter. California State Teachers Retirement System now owns 93,060 shares of the mining company’s stock valued at $1,271,000 after buying an additional 36,460 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Jagged Peak Energy by 50.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 172,011 shares of the mining company’s stock valued at $2,350,000 after buying an additional 57,502 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Jagged Peak Energy in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 21.26% of the company’s stock.

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Jagged Peak Energy Company Profile

Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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