Jagged Peak Energy Inc (JAG) Short Interest Update

Jagged Peak Energy Inc (NYSE:JAG) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 13,935,069 shares, a drop of 17.6% from the September 28th total of 16,921,412 shares. Approximately 24.1% of the company’s stock are sold short. Based on an average trading volume of 1,129,045 shares, the short-interest ratio is currently 12.3 days.

Shares of Jagged Peak Energy stock opened at $12.32 on Thursday. Jagged Peak Energy has a 52-week low of $10.55 and a 52-week high of $16.55. The stock has a market capitalization of $2.59 billion, a P/E ratio of 48.08 and a beta of -1.20. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, August 9th. The mining company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.07. Jagged Peak Energy had a return on equity of 14.55% and a net margin of 0.70%. The business had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $140.36 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was up 198.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Jagged Peak Energy will post 0.36 EPS for the current year.



In other news, CFO Robert William Howard sold 31,250 shares of Jagged Peak Energy stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $13.19, for a total transaction of $412,187.50. Following the sale, the chief financial officer now directly owns 2,042,923 shares in the company, valued at approximately $26,946,154.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher Humber sold 25,000 shares of Jagged Peak Energy stock in a transaction on Monday, September 24th. The stock was sold at an average price of $14.12, for a total value of $353,000.00. Following the sale, the executive vice president now owns 84,551 shares in the company, valued at $1,193,860.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,750 shares of company stock worth $1,611,750. Company insiders own 1.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP purchased a new position in Jagged Peak Energy during the 2nd quarter valued at about $283,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Jagged Peak Energy during the 2nd quarter valued at about $309,000. Legal & General Group Plc grew its holdings in Jagged Peak Energy by 72.3% during the 1st quarter. Legal & General Group Plc now owns 23,513 shares of the mining company’s stock valued at $333,000 after buying an additional 9,869 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Jagged Peak Energy by 37.1% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock valued at $340,000 after buying an additional 6,654 shares in the last quarter. Finally, PEAK6 Investments L.P. grew its holdings in Jagged Peak Energy by 190.7% during the 2nd quarter. PEAK6 Investments L.P. now owns 34,013 shares of the mining company’s stock valued at $443,000 after buying an additional 22,313 shares in the last quarter. Institutional investors and hedge funds own 33.57% of the company’s stock.

JAG has been the topic of a number of recent analyst reports. ValuEngine cut Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Barclays initiated coverage on Jagged Peak Energy in a research note on Wednesday, August 29th. They set an “equal weight” rating and a $15.00 target price on the stock. Stifel Nicolaus lifted their target price on Jagged Peak Energy from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. lifted their target price on Jagged Peak Energy from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, October 8th. One 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. The company presently has a consensus rating of “Hold” and a consensus target price of $16.18.

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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