Jagged Peak Energy (NYSE:JAG) Trading 5.2% Higher

Jagged Peak Energy Inc (NYSE:JAG)’s stock price traded up 5.2% during mid-day trading on Tuesday . The company traded as high as $7.37 and last traded at $7.29, 5,820,840 shares traded hands during trading. An increase of 211% from the average session volume of 1,874,599 shares. The stock had previously closed at $6.93.

A number of research analysts recently issued reports on the company. Williams Financial Group downgraded Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research note on Tuesday, October 15th. Citigroup dropped their price target on Jagged Peak Energy from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Nomura assumed coverage on Jagged Peak Energy in a research note on Tuesday, July 9th. They set an “overweight” rating on the stock. Barclays dropped their price target on Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Finally, Bank of America downgraded Jagged Peak Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $9.00 in a research note on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Jagged Peak Energy has an average rating of “Hold” and an average target price of $11.38.

The business has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $8.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 10.16 and a beta of 1.09.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The company had revenue of $146.80 million for the quarter, compared to analyst estimates of $143.30 million. During the same period in the previous year, the business posted $0.20 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. Research analysts predict that Jagged Peak Energy Inc will post 0.49 EPS for the current fiscal year.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 10,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $6.82, for a total transaction of $68,200.00. Following the completion of the sale, the insider now directly owns 442,120 shares of the company’s stock, valued at approximately $3,015,258.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $6.69, for a total value of $53,520.00. Following the completion of the sale, the insider now directly owns 452,120 shares of the company’s stock, valued at $3,024,682.80. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Jagged Peak Energy by 6.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,352 shares of the mining company’s stock valued at $210,000 after buying an additional 1,624 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Jagged Peak Energy by 14.4% in the 2nd quarter. Prudential Financial Inc. now owns 18,277 shares of the mining company’s stock valued at $151,000 after buying an additional 2,300 shares during the period. Holocene Advisors LP lifted its holdings in shares of Jagged Peak Energy by 14.9% in the 2nd quarter. Holocene Advisors LP now owns 28,682 shares of the mining company’s stock valued at $237,000 after buying an additional 3,730 shares during the period. Bank of Montreal Can lifted its holdings in shares of Jagged Peak Energy by 1,314.3% in the 2nd quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock valued at $45,000 after buying an additional 5,152 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in shares of Jagged Peak Energy by 8.6% in the 2nd quarter. TD Asset Management Inc. now owns 71,713 shares of the mining company’s stock valued at $593,000 after buying an additional 5,700 shares during the period. 29.63% of the stock is owned by institutional investors and hedge funds.

About Jagged Peak Energy (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, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.

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