Jagged Peak Energy (NYSE:JAG) issued its quarterly earnings data on Thursday. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03), Briefing.com reports. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The business had revenue of $150.07 million for the quarter, compared to analysts’ expectations of $151.37 million. During the same period in the previous year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.
Shares of NYSE:JAG traded down $0.10 during midday trading on Friday, hitting $7.65. The stock had a trading volume of 3,147,143 shares, compared to its average volume of 1,960,882. The company has a market capitalization of $1.62 billion, a PE ratio of 11.95, a P/E/G ratio of 11.42 and a beta of 1.08. The stock has a 50 day moving average price of $7.20 and a two-hundred day moving average price of $8.00. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Jagged Peak Energy has a 1 year low of $5.80 and a 1 year high of $13.12.
JAG has been the topic of several research reports. SunTrust Banks lowered their price objective on shares of Jagged Peak Energy from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. KeyCorp lowered their price objective on shares of Jagged Peak Energy from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Citigroup lowered their price objective on shares of Jagged Peak Energy from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Bank of America downgraded shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $9.00 in a report on Tuesday, September 10th. Finally, ValuEngine raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.38.
In other news, insider Shonn D. Stahlecker sold 10,000 shares of Jagged Peak Energy stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $6.82, for a total value of $68,200.00. Following the sale, the insider now owns 442,120 shares of the company’s stock, valued at $3,015,258.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is owned by insiders.
About Jagged Peak Energy
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.
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