Jagged Peak Energy Inc (NYSE:JAG) insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $10.76, for a total value of $86,080.00. Following the completion of the transaction, the insider now owns 428,368 shares in the company, valued at $4,609,239.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE:JAG opened at $10.67 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.32 billion, a P/E ratio of 41.04 and a beta of 0.95. Jagged Peak Energy Inc has a 12-month low of $8.47 and a 12-month high of $14.98.
Jagged Peak Energy (NYSE:JAG) last announced its earnings results on Friday, November 9th. The mining company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $155.40 million for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 120.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. Equities analysts expect that Jagged Peak Energy Inc will post 0.4 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its stake in shares of Jagged Peak Energy by 4.1% in the 2nd 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. State Board of Administration of Florida Retirement System raised its stake in shares of Jagged Peak Energy by 37.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock worth $340,000 after buying an additional 6,654 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Jagged Peak Energy in the 3rd quarter worth $105,000. Alliancebernstein L.P. raised its stake in shares of Jagged Peak Energy by 16.1% in the 3rd quarter. Alliancebernstein L.P. now owns 91,500 shares of the mining company’s stock worth $1,265,000 after buying an additional 12,700 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Jagged Peak Energy by 56.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,022 shares of the mining company’s stock worth $512,000 after buying an additional 13,311 shares in the last quarter. 28.57% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on JAG. Zacks Investment Research upgraded Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, October 11th. National Alliance Securities assumed coverage on Jagged Peak Energy in a report on Monday, October 22nd. They set a “hold” rating on the stock. BMO Capital Markets set a $15.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a report on Tuesday, November 13th. Cowen assumed coverage on Jagged Peak Energy in a report on Thursday, November 29th. They set a “market perform” rating on the stock. Finally, ValuEngine downgraded Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.11.
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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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