Headlines about Jagged Peak Energy (NYSE:JAG) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Jagged Peak Energy earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media coverage about the mining company an impact score of 46.8756975610765 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of JAG traded up $0.39 during midday trading on Wednesday, reaching $13.02. 983,797 shares of the stock were exchanged, compared to its average volume of 1,570,592. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36. Jagged Peak Energy has a twelve month low of $10.55 and a twelve month high of $16.55. The stock has a market capitalization of $2.69 billion, a P/E ratio of 50.08 and a beta of -1.42.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Friday, May 11th. The mining company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. Jagged Peak Energy had a positive return on equity of 10.30% and a negative net margin of 7.13%. The firm had revenue of $129.05 million for the quarter, compared to analyst estimates of $117.42 million. During the same quarter last year, the company posted ($0.42) earnings per share. The business’s revenue was up 227.6% on a year-over-year basis. equities research analysts forecast that Jagged Peak Energy will post 0.27 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. ValuEngine cut Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 23rd. JPMorgan Chase & Co. reduced their price target on Jagged Peak Energy from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, May 22nd. Stifel Nicolaus set a $19.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Finally, Citigroup reduced their target price on Jagged Peak Energy from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.19.
In other news, CFO Robert William Howard sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $14.14, for a total transaction of $707,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,208,548 shares in the company, valued at approximately $31,228,868.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles D. Davidson acquired 11,000 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were purchased at an average price of $13.43 per share, with a total value of $147,730.00. The disclosure for this purchase can be found here. Insiders have sold a total of 96,875 shares of company stock worth $1,311,844 in the last three months. Corporate insiders own 1.50% of the company’s stock.
Jagged Peak Energy Company Profile
Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.
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