Jagged Peak Energy (NYSE:JAG) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Sunday, December 31st.
A number of other research firms have also issued reports on JAG. Royal Bank of Canada set a $18.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Wednesday, December 20th. BMO Capital Markets set a $17.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Wolfe Research assumed coverage on shares of Jagged Peak Energy in a research report on Tuesday, November 14th. They set a “market perform” rating for the company. Scotiabank set a $16.00 price target on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Finally, Credit Suisse Group assumed coverage on shares of Jagged Peak Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.61.
Jagged Peak Energy (NYSE:JAG) traded down $0.60 during trading hours on Friday, hitting $15.27. 1,051,800 shares of the stock were exchanged, compared to its average volume of 1,199,800. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $16.55. The company has a market cap of $3,290.00 and a PE ratio of -35.51. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05.
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 analysts’ consensus estimates of $0.07. The company had revenue of $70.45 million during the quarter, compared to analysts’ expectations of $72.50 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. Jagged Peak Energy’s revenue for the quarter was up 219.3% compared to the same quarter last year. equities analysts expect that Jagged Peak Energy will post 0.28 earnings per share for the current fiscal year.
In other news, insider Shonn D. Stahlecker sold 100,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the transaction, the insider now owns 372,986 shares of the company’s stock, valued at approximately $5,609,709.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joseph N. Jaggers sold 6,656 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $15.25, for a total transaction of $101,504.00. Following the transaction, the chief executive officer now directly owns 5,123,908 shares in the company, valued at approximately $78,139,597. The disclosure for this sale can be found here. In the last three months, insiders sold 391,246 shares of company stock valued at $6,070,480.
Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of Jagged Peak Energy by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after acquiring an additional 2,924 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Jagged Peak Energy in the 2nd quarter valued at about $153,000. Trexquant Investment LP purchased a new stake in Jagged Peak Energy in the 3rd quarter valued at about $205,000. Voya Investment Management LLC purchased a new stake in Jagged Peak Energy in the 2nd quarter valued at about $222,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Jagged Peak Energy by 9.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after buying an additional 1,375 shares during the period. 21.26% of the stock is currently owned by hedge funds and other institutional investors.
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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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