Citadel Advisors LLC raised its position in shares of Jagged Peak Energy Inc (NYSE:JAG) by 119.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,305,196 shares of the mining company’s stock after buying an additional 710,624 shares during the period. Citadel Advisors LLC’s holdings in Jagged Peak Energy were worth $20,596,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at $153,000. Virtu Financial LLC acquired a new stake in shares of Jagged Peak Energy during the 4th quarter valued at $223,000. Trexquant Investment LP acquired a new stake in shares of Jagged Peak Energy during the 3rd quarter valued at $205,000. Legal & General Group Plc lifted its position in shares of Jagged Peak Energy by 96.8% during the 3rd quarter. Legal & General Group Plc now owns 15,156 shares of the mining company’s stock valued at $207,000 after acquiring an additional 7,454 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at $222,000. 23.11% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. ValuEngine downgraded Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Royal Bank of Canada set a $18.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research report on Wednesday, December 20th. Wolfe Research assumed coverage on Jagged Peak Energy in a research report on Tuesday, November 14th. They set a “market perform” rating for the company. BMO Capital Markets set a $17.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Scotiabank set a $16.00 price objective on Jagged Peak Energy and gave the company a “hold” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.53.
Shares of Jagged Peak Energy Inc (NYSE:JAG) opened at $12.91 on Tuesday. The stock has a market capitalization of $2,750.00 and a price-to-earnings ratio of -30.02. Jagged Peak Energy Inc has a 1-year low of $10.96 and a 1-year high of $16.55. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05.
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About Jagged Peak Energy
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.
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