Jagged Peak Energy Inc (NYSE:JAG) shares traded up 7.1% during trading on Monday . The company traded as high as $12.32 and last traded at $12.25. 1,290,004 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 1,367,942 shares. The stock had previously closed at $11.44.
A number of research analysts recently commented on the company. Zacks Investment Research lowered Jagged Peak Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. BMO Capital Markets set a $16.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research note on Sunday, August 12th. National Alliance Securities assumed coverage on Jagged Peak Energy in a research note on Monday, October 22nd. They set a “hold” rating for the company. KLR Group reiterated a “buy” rating and set a $19.00 price objective on shares of Jagged Peak Energy in a research note on Monday, August 20th. Finally, Credit Suisse Group increased their price objective on Jagged Peak Energy from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.12.
The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.44 billion, a PE ratio of 47.12 and a beta of -0.14.
In other news, CFO Robert William Howard sold 31,250 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $13.19, for a total value of $412,187.50. Following the completion of the sale, the chief financial officer now directly owns 2,042,923 shares in the company, valued at $26,946,154.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher Humber sold 25,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $14.12, for a total value of $353,000.00. Following the completion of the sale, the executive vice president now owns 84,551 shares of the company’s stock, valued at $1,193,860.12. The disclosure for this sale can be found here. Insiders have sold 87,500 shares of company stock valued at $1,202,063 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Boston Partners increased its stake in shares of Jagged Peak Energy by 67.0% in the second quarter. Boston Partners now owns 10,714,424 shares of the mining company’s stock valued at $139,502,000 after buying an additional 4,299,224 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Jagged Peak Energy by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,856,754 shares of the mining company’s stock valued at $67,168,000 after buying an additional 361,484 shares in the last quarter. BlackRock Inc. increased its stake in shares of Jagged Peak Energy by 15.4% in the third quarter. BlackRock Inc. now owns 4,383,358 shares of the mining company’s stock valued at $60,621,000 after buying an additional 585,978 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Jagged Peak Energy in the second quarter valued at $32,913,000. Finally, Northern Trust Corp increased its stake in shares of Jagged Peak Energy by 26.5% in the second quarter. Northern Trust Corp now owns 741,991 shares of the mining company’s stock valued at $9,661,000 after buying an additional 155,408 shares in the last quarter. Institutional investors own 28.84% of the company’s stock.
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Jagged Peak Energy Company Profile (NYSE:JAG)
Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.
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