Jagged Peak Energy (NYSE:JAG) Shares Gap Down to $6.06

Jagged Peak Energy Inc (NYSE:JAG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.82, but opened at $6.06. Jagged Peak Energy shares last traded at $6.12, with a volume of 34,029 shares changing hands.

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

The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 9.16 and a beta of 1.07. The stock has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $9.40.

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 Zacks’ consensus estimate of $0.11 by ($0.01). The business had revenue of $146.80 million during the quarter, compared to analyst estimates of $143.30 million. Jagged Peak Energy had a return on equity of 12.53% and a net margin of 18.73%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Research analysts predict that Jagged Peak Energy Inc will post 0.53 earnings per share for the current fiscal year.

In other news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $8.46, for a total value of $67,680.00. Following the completion of the sale, the insider now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 24,400 shares of company stock valued at $191,628 in the last three months. Insiders own 0.98% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted 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 worth $32,311,000 after acquiring an additional 502,834 shares during the period. Macquarie Group Ltd. lifted its position in Jagged Peak Energy by 778.0% during the 4th quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock worth $80,000 after acquiring an additional 7,780 shares during the period. Squarepoint Ops LLC lifted its position in Jagged Peak Energy by 7.8% during the 4th quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock worth $238,000 after acquiring an additional 1,880 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Jagged Peak Energy by 25.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,733 shares of the mining company’s stock worth $259,000 after acquiring an additional 4,993 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Jagged Peak Energy during the 1st quarter worth about $817,000. 28.57% of the stock is owned by hedge funds and other institutional investors.

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.

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