First Trust Advisors LP acquired a new stake in Jagged Peak Energy Inc (NYSE:JAG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 180,346 shares of the mining company’s stock, valued at approximately $2,846,000. First Trust Advisors LP owned 0.08% of Jagged Peak Energy as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Trexquant Investment LP acquired a new position in shares of Jagged Peak Energy during the third quarter worth about $205,000. Legal & General Group Plc lifted its stake in shares of Jagged Peak Energy by 96.8% in the third quarter. Legal & General Group Plc now owns 15,156 shares of the mining company’s stock worth $207,000 after acquiring an additional 7,454 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Jagged Peak Energy in the second quarter worth about $222,000. Parametric Portfolio Associates LLC acquired a new position in shares of Jagged Peak Energy in the second quarter worth about $252,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Jagged Peak Energy in the fourth quarter worth about $283,000. 23.89% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on JAG shares. Zacks Investment Research cut Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus set a $19.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a report on Wednesday, March 28th. Citigroup lowered their target price on Jagged Peak Energy from $21.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, March 27th. KeyCorp decreased their price objective on Jagged Peak Energy from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, March 22nd. Finally, Bank of America cut their target price on Jagged Peak Energy from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.61.
Jagged Peak Energy stock traded down $0.58 during mid-day trading on Friday, hitting $13.24. 1,465,912 shares of the company’s stock were exchanged, compared to its average volume of 1,719,899. The company has a market capitalization of $2,942.70, a price-to-earnings ratio of 50.92 and a beta of -1.13. Jagged Peak Energy Inc has a 1-year low of $10.96 and a 1-year high of $16.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.35.
Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings results on Thursday, March 22nd. The mining company reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Jagged Peak Energy had a positive return on equity of 8.28% and a negative net margin of 135.25%. The company had revenue of $104.40 million for the quarter, compared to the consensus estimate of $100.42 million. During the same period last year, the business posted $0.02 earnings per share. The firm’s revenue was up 319.3% compared to the same quarter last year. sell-side analysts anticipate that Jagged Peak Energy Inc will post 0.52 earnings per share for the current year.
In other Jagged Peak Energy news, CFO Robert William Howard sold 5,208 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $12.97, for a total transaction of $67,547.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher Humber sold 2,664 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $12.97, for a total transaction of $34,552.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 612,016 shares of company stock valued at $7,688,993.
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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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