Jagged Peak Energy Inc (JAG) Holdings Lifted by BlackRock Inc.

BlackRock Inc. boosted its stake in shares of Jagged Peak Energy Inc (NYSE:JAG) by 15.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,383,358 shares of the mining company’s stock after purchasing an additional 585,978 shares during the quarter. BlackRock Inc.’s holdings in Jagged Peak Energy were worth $60,621,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in 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 acquiring an additional 4,928 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Jagged Peak Energy by 37.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock worth $340,000 after acquiring an additional 6,654 shares in the last quarter. Rhumbline Advisers raised its stake in Jagged Peak Energy by 14.4% during the second quarter. Rhumbline Advisers now owns 62,134 shares of the mining company’s stock worth $809,000 after acquiring an additional 7,830 shares in the last quarter. Alliancebernstein L.P. raised its stake in Jagged Peak Energy by 16.1% during the third quarter. Alliancebernstein L.P. now owns 91,500 shares of the mining company’s stock worth $1,265,000 after acquiring an additional 12,700 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Jagged Peak Energy by 56.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,022 shares of the mining company’s stock valued at $512,000 after buying an additional 13,311 shares in the last quarter. Hedge funds and other institutional investors own 28.84% of the company’s stock.

Shares of JAG stock opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.18 billion, a P/E ratio of 37.85 and a beta of 0.67. Jagged Peak Energy Inc has a 12 month low of $8.47 and a 12 month high of $15.27.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Friday, November 9th. The mining company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The firm had revenue of $155.40 million during the quarter, compared to analyst estimates of $144.71 million. Jagged Peak Energy had a positive return on equity of 17.35% and a negative net margin of 1.48%. The company’s revenue was up 120.4% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. Equities analysts anticipate that Jagged Peak Energy Inc will post 0.4 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Jagged Peak Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Macquarie assumed coverage on Jagged Peak Energy in a research note on Thursday, December 20th. They issued a “neutral” rating and a $12.00 target price for the company. MKM Partners assumed coverage on Jagged Peak Energy in a research note on Wednesday, December 5th. They issued a “buy” rating and a $15.00 target price for the company. BMO Capital Markets set a $15.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. set a $13.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research note on Friday, December 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Jagged Peak Energy currently has a consensus rating of “Hold” and an average target price of $15.32.

In related news, CFO Robert William Howard sold 31,250 shares of Jagged Peak Energy stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $13.98, for a total value of $436,875.00. Following the completion of the sale, the chief financial officer now directly owns 2,011,673 shares in the company, valued at $28,123,188.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $10.06, for a total value of $80,480.00. Following the completion of the sale, the insider now owns 436,368 shares of the company’s stock, valued at $4,389,862.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,500 shares of company stock valued at $868,605. Corporate insiders own 1.50% of the company’s stock.

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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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Institutional Ownership by Quarter for Jagged Peak Energy (NYSE:JAG)

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