TheStreet upgraded shares of Jagged Peak Energy (NYSE:JAG) from a d+ rating to a c- rating in a report released on Monday morning, TheStreetRatingsTable reports.
JAG has been the topic of several other research reports. Imperial Capital reaffirmed an outperform rating and issued a $16.00 price objective (up previously from $14.00) on shares of Jagged Peak Energy in a research report on Monday, March 4th. Zacks Investment Research lowered shares of Jagged Peak Energy from a hold rating to a sell rating in a research report on Friday, January 4th. Barclays set a $12.00 price objective on shares of Jagged Peak Energy and gave the stock a hold rating in a research report on Wednesday, January 16th. Macquarie began coverage on shares of Jagged Peak Energy in a research report on Thursday, December 20th. They issued a neutral rating and a $12.00 price objective on the stock. Finally, SunTrust Banks began coverage on shares of Jagged Peak Energy in a research report on Tuesday, April 2nd. They issued a buy rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $14.92.
Shares of JAG stock opened at $10.96 on Monday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.07. Jagged Peak Energy has a 52 week low of $8.47 and a 52 week high of $14.98.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, February 28th. The mining company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $138.54 million during the quarter, compared to the consensus estimate of $151.13 million. Jagged Peak Energy had a return on equity of 17.00% and a net margin of 28.45%. Research analysts predict that Jagged Peak Energy will post 0.62 earnings per share for the current year.
In other news, EVP Christopher Humber sold 6,605 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total value of $71,466.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shonn D. Stahlecker sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $10.76, for a total transaction of $86,080.00. Following the completion of the sale, the insider now directly owns 428,368 shares in the company, valued at approximately $4,609,239.68. The disclosure for this sale can be found here. In the last three months, insiders sold 80,677 shares of company stock worth $859,475. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Jagged Peak Energy by 11.8% during the fourth quarter. Geode Capital Management LLC now owns 663,390 shares of the mining company’s stock valued at $6,050,000 after acquiring an additional 69,847 shares in the last quarter. Norges Bank purchased a new position in Jagged Peak Energy during the fourth quarter valued at approximately $6,552,000. Dimensional Fund Advisors LP grew its stake in Jagged Peak Energy by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 174,363 shares of the mining company’s stock valued at $1,590,000 after acquiring an additional 10,848 shares in the last quarter. Macquarie Group Ltd. grew its stake in Jagged Peak Energy by 778.0% during the fourth quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock valued at $80,000 after acquiring an additional 7,780 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in Jagged Peak Energy during the fourth quarter valued at approximately $5,257,000. 29.75% of the stock is currently owned by institutional investors.
About Jagged Peak Energy
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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