Brokerages Expect Jagged Peak Energy Inc (NYSE:JAG) to Post $0.12 EPS
Analysts expect Jagged Peak Energy Inc (NYSE:JAG) to announce $0.12 earnings per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Jagged Peak Energy’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.10. Jagged Peak Energy posted earnings of $0.20 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 40%. The company is scheduled to issue its next earnings report after the market closes on Thursday, August 8th.
According to Zacks, analysts expect that Jagged Peak Energy will report full-year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.63. For the next fiscal year, analysts expect that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.67 to $1.09. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Thursday, May 9th. The mining company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The company had revenue of $129.60 million for the quarter, compared to analyst estimates of $135.07 million. Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share.
NYSE JAG traded down $0.30 during trading hours on Thursday, reaching $7.23. The company’s stock had a trading volume of 1,424,586 shares, compared to its average volume of 1,283,332. The company has a market cap of $1.60 billion, a PE ratio of 11.30, a PEG ratio of 10.18 and a beta of 1.08. Jagged Peak Energy has a fifty-two week low of $7.11 and a fifty-two week high of $14.74. The business’s 50-day moving average price is $8.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.37 and a current ratio of 0.37.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $8.28, for a total value of $66,240.00. Following the completion of the transaction, the insider now owns 468,120 shares of the company’s stock, valued at $3,876,033.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 24,400 shares of company stock valued at $220,348. 0.98% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in JAG. Legal & General Group Plc lifted its stake in Jagged Peak Energy by 7.9% in the fourth quarter. Legal & General Group Plc now owns 23,353 shares of the mining company’s stock valued at $213,000 after buying an additional 1,716 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Jagged Peak Energy by 7.8% in the fourth quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock valued at $238,000 after buying an additional 1,880 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Jagged Peak Energy by 145.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock valued at $73,000 after buying an additional 4,947 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Jagged Peak Energy by 25.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,733 shares of the mining company’s stock valued at $259,000 after buying an additional 4,993 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Jagged Peak Energy by 778.0% in the fourth quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock valued at $80,000 after buying an additional 7,780 shares during the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors.
Jagged Peak Energy Company Profile
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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