Jagged Peak Energy (JAG) Trading 7.1% Higher

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.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Friday, November 9th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. Jagged Peak Energy had a positive return on equity of 17.35% and a negative net margin of 1.48%. The firm had revenue of $155.40 million during the quarter, compared to analyst estimates of $144.71 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was up 120.4% compared to the same quarter last year. As a group, equities research analysts expect that Jagged Peak Energy Inc will post 0.4 EPS for the current fiscal year.

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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