Royal Bank of Canada set a $18.00 price target on Jagged Peak Energy (NYSE:JAG) in a research note released on Wednesday, December 20th. The firm currently has a buy rating on the mining company’s stock.
JAG has been the topic of several other reports. BMO Capital Markets set a $17.00 price objective on Jagged Peak Energy and gave the company a buy rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Jagged Peak Energy from a sell rating to a hold rating in a research report on Wednesday, August 23rd. ValuEngine cut Jagged Peak Energy from a hold rating to a sell rating in a research report on Friday, September 1st. Jefferies Group initiated coverage on Jagged Peak Energy in a research report on Monday, October 9th. They issued a hold rating and a $14.00 price target on the stock. Finally, Seaport Global Securities initiated coverage on shares of Jagged Peak Energy in a report on Thursday, September 28th. They issued a buy rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $17.61.
Shares of Jagged Peak Energy (NYSE:JAG) traded down $0.39 during trading hours on Wednesday, reaching $14.73. The company had a trading volume of 1,500,000 shares, compared to its average volume of 924,169. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week high of $16.55. The stock has a market cap of $3,140.00 and a P/E ratio of -34.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $70.45 million for the quarter, compared to analysts’ expectations of $72.50 million. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. Jagged Peak Energy’s revenue was up 219.3% on a year-over-year basis. equities research analysts anticipate that Jagged Peak Energy will post 0.28 earnings per share for the current fiscal year.
In other news, CEO Joseph N. Jaggers sold 175,773 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $15.86, for a total value of $2,787,759.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shonn D. Stahlecker sold 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $15.04, for a total value of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares of the company’s stock, valued at $5,609,709.44. The disclosure for this sale can be found here. Insiders sold a total of 391,246 shares of company stock valued at $6,070,480 over the last 90 days.
A number of institutional investors have recently modified their holdings of JAG. State Street Corp boosted its holdings in Jagged Peak Energy by 204.8% in the 2nd quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock worth $17,454,000 after buying an additional 878,710 shares during the period. Citadel Advisors LLC boosted its holdings in Jagged Peak Energy by 60.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock worth $20,008,000 after buying an additional 563,031 shares during the period. FMR LLC bought a new position in Jagged Peak Energy in the 2nd quarter worth $5,140,000. Northern Trust Corp boosted its holdings in Jagged Peak Energy by 341.1% in the 2nd quarter. Northern Trust Corp now owns 373,161 shares of the mining company’s stock worth $4,982,000 after buying an additional 288,559 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Jagged Peak Energy by 20.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,069,428 shares of the mining company’s stock worth $14,277,000 after buying an additional 181,246 shares during the period. 21.26% of the stock is owned by institutional investors.
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About Jagged Peak Energy
Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.
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