Jagged Peak Energy (NYSE:JAG) released its earnings results on Thursday. The mining company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01), Briefing.com reports. The company had revenue of $104.40 million for the quarter, compared to analyst estimates of $100.42 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. Jagged Peak Energy’s revenue for the quarter was up 319.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 earnings per share.
Shares of Jagged Peak Energy (NYSE JAG) opened at $11.91 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a fifty-two week low of $10.96 and a fifty-two week high of $16.55. The firm has a market cap of $2,621.18, a PE ratio of -28.36, a PEG ratio of 0.51 and a beta of -0.42.
In other news, CFO Robert William Howard sold 5,208 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $12.97, for a total value of $67,547.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher Humber sold 2,664 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $12.97, for a total transaction of $34,552.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 787,789 shares of company stock worth $10,476,753.
Several research firms recently commented on JAG. Stifel Nicolaus set a $16.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Monday, January 29th. ValuEngine lowered shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Tudor Pickering lowered shares of Jagged Peak Energy from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Credit Suisse Group assumed coverage on shares of Jagged Peak Energy in a report on Monday, December 11th. They issued a “neutral” rating and a $16.00 price target on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $17.00 price target on shares of Jagged Peak Energy in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Jagged Peak Energy has a consensus rating of “Hold” and a consensus target price of $16.75.
TRADEMARK VIOLATION WARNING: “Jagged Peak Energy (JAG) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/03/23/jagged-peak-energy-jag-announces-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.
Jagged Peak Energy Company Profile
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.
Receive News & Ratings for Jagged Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.