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.
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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