Jagged Peak Energy (NYSE:JAG) Posts Earnings Results, Misses Estimates By $0.01 EPS

Jagged Peak Energy (NYSE:JAG) posted its earnings results on Thursday. The mining company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Bloomberg Earnings reports. The company had revenue of $146.80 million during the quarter, compared to the consensus estimate of $143.30 million. Jagged Peak Energy had a return on equity of 12.53% and a net margin of 18.73%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.20 EPS.

NYSE JAG traded up $0.12 during trading hours on Friday, reaching $6.80. The company’s stock had a trading volume of 3,760,972 shares, compared to its average volume of 1,638,014. The company’s fifty day simple moving average is $7.77. The firm has a market capitalization of $1.43 billion, a PE ratio of 10.63, a P/E/G ratio of 9.25 and a beta of 1.07. Jagged Peak Energy has a 52 week low of $6.09 and a 52 week high of $14.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.37 and a current ratio of 0.37.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $6.69, for a total transaction of $53,520.00. Following the completion of the transaction, the insider now owns 452,120 shares in the company, valued at approximately $3,024,682.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 24,400 shares of company stock valued at $191,628. Company insiders own 0.98% of the company’s stock.



A number of institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in Jagged Peak Energy by 19.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock worth $32,311,000 after purchasing an additional 502,834 shares during the last quarter. Boston Partners raised its holdings in Jagged Peak Energy by 1.6% during the 1st quarter. Boston Partners now owns 1,124,569 shares of the mining company’s stock worth $11,774,000 after purchasing an additional 18,059 shares during the last quarter. Phocas Financial Corp. raised its holdings in Jagged Peak Energy by 46.7% during the 1st quarter. Phocas Financial Corp. now owns 845,528 shares of the mining company’s stock worth $8,853,000 after purchasing an additional 269,102 shares during the last quarter. Norges Bank bought a new position in Jagged Peak Energy during the 4th quarter worth approximately $6,552,000. Finally, Geode Capital Management LLC raised its holdings in Jagged Peak Energy by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 663,390 shares of the mining company’s stock worth $6,050,000 after purchasing an additional 69,847 shares during the last quarter. Hedge funds and other institutional investors own 28.43% of the company’s stock.

JAG has been the subject of a number of research reports. Piper Jaffray Companies initiated coverage on shares of Jagged Peak Energy in a report on Monday, July 8th. They issued an “overweight” rating and a $11.00 target price for the company. Nomura began coverage on shares of Jagged Peak Energy in a report on Tuesday, July 9th. They issued an “overweight” rating for the company. TheStreet lowered shares of Jagged Peak Energy from a “c-” rating to a “d+” rating in a report on Wednesday, June 12th. Williams Capital began coverage on shares of Jagged Peak Energy in a report on Monday, June 17th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, ValuEngine lowered shares of Jagged Peak Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.23.

Jagged Peak Energy Company Profile

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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Earnings History for Jagged Peak Energy (NYSE:JAG)

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