Jagged Peak Energy (NYSE:JAG) Shares Up 14%

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.



Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The business had revenue of $146.80 million for the quarter, compared to analyst estimates of $143.30 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. As a group, analysts predict that Jagged Peak Energy Inc will post 0.51 earnings per share for the current year.

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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