Jagged Peak Energy (NYSE:JAG) Hits New 52-Week Low at $5.95

Jagged Peak Energy Inc (NYSE:JAG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.95 and last traded at $5.91, with a volume of 17389 shares. The stock had previously closed at $6.51.

Several research firms recently issued reports on JAG. Nomura began coverage on Jagged Peak Energy in a research note on Tuesday, July 9th. They issued an “overweight” rating on the stock. Piper Jaffray Companies began coverage on Jagged Peak Energy in a research note on Monday, July 8th. They issued an “overweight” rating and a $11.00 target price on the stock. Stifel Nicolaus set a $15.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Friday, May 10th. ValuEngine cut Jagged Peak Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Finally, Williams Capital began coverage on Jagged Peak Energy in a research note on Monday, June 17th. They issued a “buy” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.23.

The stock’s 50-day moving average is $7.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 9.53 and a beta of 1.07.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $146.80 million for the quarter, compared to the consensus estimate of $143.30 million. Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.53%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, equities analysts forecast that Jagged Peak Energy Inc will post 0.52 earnings per share for the current year.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $8.46, for a total transaction of $67,680.00. Following the sale, the insider now directly owns 460,120 shares of the company’s stock, valued at approximately $3,892,615.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 24,400 shares of company stock worth $191,628. Insiders own 0.98% of the company’s stock.

A number of institutional investors have recently bought and sold shares of JAG. Norges Bank bought a new stake in Jagged Peak Energy during the 4th quarter valued at approximately $6,552,000. Janus Henderson Group PLC boosted its position in Jagged Peak Energy by 19.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock valued at $32,311,000 after acquiring an additional 502,834 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Jagged Peak Energy in the 1st quarter worth approximately $3,384,000. Northern Trust Corp boosted its position in shares of Jagged Peak Energy by 33.9% in the 2nd quarter. Northern Trust Corp now owns 1,102,810 shares of the mining company’s stock worth $9,120,000 after purchasing an additional 278,906 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Jagged Peak Energy by 1,524.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 297,180 shares of the mining company’s stock worth $2,441,000 after purchasing an additional 278,885 shares in the last quarter. 28.57% of the stock is currently owned by institutional investors and hedge funds.

Jagged Peak Energy Company Profile (NYSE:JAG)

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, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.

Featured Article: Analyst Ratings Trading

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.