Driehaus Capital Management LLC bought a new stake in shares of Jagged Peak Energy Inc (NYSE:JAG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,490 shares of the mining company’s stock, valued at approximately $260,000.
A number of other institutional investors have also recently made changes to their positions in JAG. Northern Trust Corp grew its holdings in Jagged Peak Energy by 341.1% in the 2nd quarter. Northern Trust Corp now owns 373,161 shares of the mining company’s stock worth $4,982,000 after acquiring an additional 288,559 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in Jagged Peak Energy in the 2nd quarter worth $252,000. Voya Investment Management LLC bought a new stake in Jagged Peak Energy in the 2nd quarter worth $222,000. State Street Corp lifted its position in shares of Jagged Peak Energy by 204.8% in the 2nd quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock worth $17,454,000 after purchasing an additional 878,710 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Jagged Peak Energy in the 2nd quarter worth about $340,000. 23.89% of the stock is currently owned by institutional investors and hedge funds.
NYSE:JAG traded down $0.58 on Friday, reaching $13.24. 1,465,912 shares of the stock traded hands, compared to its average volume of 1,719,899. Jagged Peak Energy Inc has a 12 month low of $10.96 and a 12 month high of $16.55. The firm has a market cap of $2,819.21, a P/E ratio of 50.92 and a beta of -1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.35 and a current ratio of 0.35.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Thursday, March 22nd. The mining company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Jagged Peak Energy had a negative net margin of 135.25% and a positive return on equity of 8.28%. The firm had revenue of $104.40 million during the quarter, compared to analyst estimates of $100.42 million. During the same period in the previous year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 319.3% on a year-over-year basis. equities research analysts predict that Jagged Peak Energy Inc will post 0.52 EPS for the current year.
Several equities research analysts have recently commented on JAG shares. Royal Bank of Canada set a $18.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Bank of America dropped their target price on shares of 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. Stifel Nicolaus set a $16.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Credit Suisse Group dropped their target price on shares of Jagged Peak Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, UBS assumed coverage on shares of Jagged Peak Energy in a research report on Wednesday, March 7th. They set a “neutral” rating and a $13.50 price target for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Jagged Peak Energy presently has a consensus rating of “Hold” and an average target price of $16.61.
In related news, CFO Robert William Howard sold 5,208 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Humber sold 2,664 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were 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. Insiders sold 612,016 shares of company stock valued at $7,688,993 over the last quarter.
ILLEGAL ACTIVITY NOTICE: This article was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/driehaus-capital-management-llc-invests-260000-in-jagged-peak-energy-inc-jag.html.
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.
Receive News & Ratings for Jagged Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.