Jagged Peak Energy Inc (NYSE:JAG) EVP Christopher Humber sold 25,000 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $14.12, for a total value of $353,000.00. Following the completion of the transaction, the executive vice president now directly owns 84,551 shares in the company, valued at approximately $1,193,860.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE JAG traded up $0.13 during mid-day trading on Thursday, reaching $13.60. 10,682 shares of the company’s stock were exchanged, compared to its average volume of 1,294,077. The firm has a market cap of $3.00 billion, a P/E ratio of 52.12 and a beta of -1.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.12 and a quick ratio of 1.12. Jagged Peak Energy Inc has a twelve month low of $10.55 and a twelve month high of $16.55.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Thursday, August 9th. The mining company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.07. The company had revenue of $158.70 million for the quarter, compared to analyst estimates of $140.36 million. Jagged Peak Energy had a return on equity of 14.55% and a net margin of 0.70%. Jagged Peak Energy’s revenue was up 198.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. equities analysts anticipate that Jagged Peak Energy Inc will post 0.31 EPS for the current year.
Several equities analysts have weighed in on JAG shares. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Barclays started coverage on Jagged Peak Energy in a research note on Wednesday, August 29th. They issued an “equal weight” rating and a $15.00 target price on the stock. Credit Suisse Group increased their target price on Jagged Peak Energy from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. KLR Group reissued a “buy” rating and issued a $19.00 target price on shares of Jagged Peak Energy in a research note on Monday, August 20th. Finally, BMO Capital Markets set a $16.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research note on Sunday, August 12th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of Jagged Peak Energy by 26.5% during the second quarter. Northern Trust Corp now owns 741,991 shares of the mining company’s stock worth $9,661,000 after buying an additional 155,408 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Jagged Peak Energy by 38.1% during the second quarter. Bank of New York Mellon Corp now owns 356,772 shares of the mining company’s stock worth $4,646,000 after buying an additional 98,355 shares in the last quarter. PEAK6 Investments L.P. grew its holdings in shares of Jagged Peak Energy by 190.7% during the second quarter. PEAK6 Investments L.P. now owns 34,013 shares of the mining company’s stock worth $443,000 after buying an additional 22,313 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Jagged Peak Energy by 62.7% during the second quarter. Bank of America Corp DE now owns 511,507 shares of the mining company’s stock worth $6,661,000 after buying an additional 197,048 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Jagged Peak Energy by 4.1% during the second quarter. Raymond James & Associates now owns 123,969 shares of the mining company’s stock worth $1,614,000 after buying an additional 4,928 shares in the last quarter. 33.63% of the stock is currently owned by institutional investors.
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, 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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