Shares of Jagged Peak Energy Inc (NYSE:JAG) shot up 14% during mid-day trading on Monday . The company traded as high as $9.13 and last traded at $8.53, 4,453,617 shares traded hands during trading. An increase of 215% from the average session volume of 1,415,719 shares. The stock had previously closed at $7.48.
A number of brokerages recently issued reports on JAG. TheStreet lowered shares of Jagged Peak Energy from a “c-” rating to a “d+” rating in a research report on Wednesday, June 12th. Bank of America lowered shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $9.00 in a research report on Tuesday, September 10th. ValuEngine raised shares of Jagged Peak Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 5th. Barclays dropped their target price on shares of Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Finally, Williams Capital reaffirmed a “buy” rating and set a $11.00 target price on shares of Jagged Peak Energy in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Jagged Peak Energy has a consensus rating of “Hold” and a consensus price target of $12.92.
The company has a debt-to-equity ratio of 0.74, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $6.89 and its two-hundred day simple moving average is $8.86. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 10.63 and a beta of 1.08.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction 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 sale, the insider now owns 452,120 shares in the company, valued at $3,024,682.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by insiders.
Several large investors have recently modified their holdings of JAG. Luminus Management LLC boosted its stake in shares of Jagged Peak Energy by 953.7% in the 2nd quarter. Luminus Management LLC now owns 1,580,498 shares of the mining company’s stock valued at $13,071,000 after purchasing an additional 1,430,498 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Jagged Peak Energy in the 1st quarter valued at approximately $3,384,000. Westwood Holdings Group Inc. boosted its holdings in shares of Jagged Peak Energy by 21.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,844,000 shares of the mining company’s stock valued at $15,250,000 after buying an additional 319,865 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Jagged Peak Energy by 33.9% in the 2nd quarter. Northern Trust Corp now owns 1,102,810 shares of the mining company’s stock valued at $9,120,000 after buying an additional 278,906 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Jagged Peak Energy by 1,524.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 297,180 shares of the mining company’s stock valued at $2,441,000 after buying an additional 278,885 shares during the last quarter. Institutional investors own 29.62% of the company’s stock.
Jagged Peak Energy Company Profile (NYSE:JAG)
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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