Jagged Peak Energy (JAG) Scheduled to Post Quarterly Earnings on Thursday

Jagged Peak Energy (NYSE:JAG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.

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, beating analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $158.70 million during 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 quarterly revenue was up 198.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts expect Jagged Peak Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE JAG opened at $12.32 on Thursday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 48.08 and a beta of -1.20. Jagged Peak Energy has a 12 month low of $10.55 and a 12 month high of $16.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.62.



JAG has been the subject of a number of analyst reports. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Barclays initiated coverage on Jagged Peak Energy in a research report on Wednesday, August 29th. They issued an “equal weight” rating and a $15.00 price target for the company. Credit Suisse Group increased their price target on Jagged Peak Energy from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. KLR Group reissued a “buy” rating and issued a $19.00 price target on shares of Jagged Peak Energy in a research report on Monday, August 20th. Finally, Zacks Investment Research lowered Jagged Peak Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Jagged Peak Energy presently has an average rating of “Hold” and an average price target of $16.18.

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

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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Earnings History for Jagged Peak Energy (NYSE:JAG)

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