Jagged Peak Energy Inc (NYSE:JAG) EVP Mark R. Petry sold 148,941 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $12.79, for a total value of $1,904,955.39. Following the transaction, the executive vice president now owns 1,632,501 shares in the company, valued at $20,879,687.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Jagged Peak Energy Inc (NYSE JAG) traded up $0.49 on Monday, hitting $12.36. The company had a trading volume of 1,035,299 shares, compared to its average volume of 1,414,014. 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 Inc has a one year low of $10.96 and a one year high of $16.55. The company has a market capitalization of $2,527.49 and a price-to-earnings ratio of -28.67.
Several equities research analysts recently weighed in on JAG shares. Royal Bank of Canada restated a “buy” rating and set a $17.00 target price on shares of Jagged Peak Energy in a report on Friday, November 3rd. Bank of America started coverage on Jagged Peak Energy in a report on Monday, October 16th. They issued a “buy” rating for the company. BMO Capital Markets set a $17.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus set a $16.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Scotiabank set a $16.00 target price on Jagged Peak Energy and gave the company a “hold” rating in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.67.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC grew its holdings in shares of Jagged Peak Energy by 119.5% in the fourth quarter. Citadel Advisors LLC now owns 1,305,196 shares of the mining company’s stock worth $20,596,000 after acquiring an additional 710,624 shares during the period. Virtu Financial LLC purchased a new position in Jagged Peak Energy during the fourth quarter valued at $223,000. Bank of New York Mellon Corp lifted its position in Jagged Peak Energy by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 242,595 shares of the mining company’s stock valued at $3,829,000 after purchasing an additional 25,907 shares in the last quarter. Wells Fargo & Company MN lifted its position in Jagged Peak Energy by 34.0% during the fourth quarter. Wells Fargo & Company MN now owns 102,077 shares of the mining company’s stock valued at $1,611,000 after purchasing an additional 25,889 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Jagged Peak Energy during the fourth quarter valued at $2,846,000. 21.27% of the stock is owned by institutional investors.
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Jagged Peak Energy Company Profile
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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