Jagged Peak Energy Target of Unusually High Options Trading (JAG)

Jagged Peak Energy Inc (NYSE:JAG) was the target of unusually large options trading on Wednesday. Investors acquired 3,418 call options on the stock. This is an increase of 829% compared to the typical volume of 368 call options.

In other Jagged Peak Energy news, EVP Mark R. Petry sold 444,067 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $12.47, for a total value of $5,537,515.49. Following the completion of the sale, the executive vice president now directly owns 1,632,501 shares in the company, valued at approximately $20,357,287.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Christopher Humber sold 2,664 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $12.97, for a total value of $34,552.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 612,016 shares of company stock valued at $7,688,993.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in JAG. Citadel Advisors LLC increased its holdings in shares of Jagged Peak Energy by 119.5% in the 4th quarter. Citadel Advisors LLC now owns 1,305,196 shares of the mining company’s stock valued at $20,596,000 after acquiring an additional 710,624 shares during the last quarter. Creative Planning purchased a new position in Jagged Peak Energy during the 4th quarter worth approximately $5,270,000. Essex Investment Management Co. LLC grew its stake in Jagged Peak Energy by 1,273.1% during the 4th quarter. Essex Investment Management Co. LLC now owns 327,626 shares of the mining company’s stock worth $5,170,000 after buying an additional 303,765 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new position in Jagged Peak Energy during the 4th quarter worth approximately $4,458,000. Finally, Element Capital Management LLC purchased a new position in Jagged Peak Energy during the 4th quarter worth approximately $3,617,000. Institutional investors and hedge funds own 23.89% of the company’s stock.

JAG opened at $13.83 on Thursday. Jagged Peak Energy has a one year low of $10.96 and a one year high of $16.55. The stock has a market capitalization of $2,904.38, a PE ratio of 53.19 and a beta of -1.13. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.22.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Thursday, March 22nd. The mining company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Jagged Peak Energy had a positive return on equity of 8.28% and a negative net margin of 135.25%. The business had revenue of $104.40 million for the quarter, compared to the consensus estimate of $100.42 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 319.3% on a year-over-year basis. research analysts expect that Jagged Peak Energy will post 0.52 earnings per share for the current year.

Several equities analysts have recently commented on the company. Stifel Nicolaus set a $16.00 price target on Jagged Peak Energy and gave the company a “buy” rating in a research note on Monday, January 29th. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Tudor Pickering lowered Jagged Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Citigroup decreased their price target on Jagged Peak Energy from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $17.00 price target on shares of Jagged Peak Energy in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.61.

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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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