Jagged Peak Energy Inc (NYSE:JAG) – Equities research analysts at Imperial Capital issued their Q2 2019 earnings per share (EPS) estimates for shares of Jagged Peak Energy in a research report issued on Monday, May 13th. Imperial Capital analyst I. Haas forecasts that the mining company will post earnings of $0.10 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $16.00 target price on the stock. Imperial Capital also issued estimates for Jagged Peak Energy’s Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.21 EPS and FY2020 earnings at $1.13 EPS.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. The firm had revenue of $129.60 million for the quarter, compared to the consensus estimate of $135.07 million. During the same period in the prior year, the company earned $0.12 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year.
JAG opened at $10.35 on Wednesday. Jagged Peak Energy has a twelve month low of $8.47 and a twelve month high of $14.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.37 and a quick ratio of 1.07. The stock has a market cap of $2.15 billion, a P/E ratio of 16.17, a PEG ratio of 1.46 and a beta of 0.89.
In other news, CFO Robert William Howard sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $10.97, for a total value of $54,850.00. Following the completion of the transaction, the chief financial officer now owns 2,295,845 shares of the company’s stock, valued at $25,185,419.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.28, for a total transaction of $82,240.00. Following the completion of the transaction, the insider now directly owns 476,120 shares of the company’s stock, valued at approximately $4,894,513.60. The disclosure for this sale can be found here. Insiders sold 64,784 shares of company stock valued at $686,760 in the last three months. Company insiders own 0.98% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of Jagged Peak Energy by 8.0% in the third quarter. Vanguard Group Inc now owns 4,856,754 shares of the mining company’s stock valued at $67,168,000 after buying an additional 361,484 shares during the period. Vanguard Group Inc. increased its stake in shares of Jagged Peak Energy by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,856,754 shares of the mining company’s stock valued at $67,168,000 after buying an additional 361,484 shares during the period. BlackRock Inc. increased its stake in shares of Jagged Peak Energy by 1.9% in the first quarter. BlackRock Inc. now owns 4,797,109 shares of the mining company’s stock valued at $50,225,000 after buying an additional 90,777 shares during the period. Janus Henderson Group PLC increased its stake in shares of Jagged Peak Energy by 19.5% in the first quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock valued at $32,311,000 after buying an additional 502,834 shares during the period. Finally, Boston Partners increased its stake in shares of Jagged Peak Energy by 1.6% in the first quarter. Boston Partners now owns 1,124,569 shares of the mining company’s stock valued at $11,774,000 after buying an additional 18,059 shares during the period. 29.94% of the stock is 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, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.
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