Jagged Peak Energy Inc (NYSE:JAG) CFO Robert William Howard sold 140,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.25, for a total value of $1,015,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,010,445 shares of the company’s stock, valued at $14,575,726.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert William Howard also recently made the following trade(s):

  • On Monday, November 18th, Robert William Howard sold 140,000 shares of Jagged Peak Energy stock. The shares were sold at an average price of $7.08, for a total value of $991,200.00.

NYSE:JAG traded down $0.27 during mid-day trading on Tuesday, hitting $6.79. 583,581 shares of the stock were exchanged, compared to its average volume of 3,197,944. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 11.70 and a beta of 1.08. The firm’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $7.84. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.55. Jagged Peak Energy Inc has a fifty-two week low of $5.80 and a fifty-two week high of $12.76.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, November 7th. The mining company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The company had revenue of $150.07 million during the quarter, compared to analyst estimates of $151.37 million. Jagged Peak Energy had a net margin of 29.01% and a return on equity of 9.85%. Jagged Peak Energy’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, analysts predict that Jagged Peak Energy Inc will post 0.46 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. KeyCorp cut their price objective on Jagged Peak Energy from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Bank of America cut Jagged Peak Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, September 10th. Piper Jaffray Companies set a $10.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Seaport Global Securities cut Jagged Peak Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Finally, ValuEngine raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.13.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in Jagged Peak Energy by 1,314.3% in the 2nd quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock valued at $45,000 after acquiring an additional 5,152 shares in the last quarter. Royal Bank of Canada raised its holdings in Jagged Peak Energy by 5,513.3% in the 2nd quarter. Royal Bank of Canada now owns 8,027 shares of the mining company’s stock valued at $66,000 after acquiring an additional 7,884 shares in the last quarter. Quantamental Technologies LLC raised its holdings in Jagged Peak Energy by 1,183.6% in the 2nd quarter. Quantamental Technologies LLC now owns 8,985 shares of the mining company’s stock valued at $74,000 after acquiring an additional 8,285 shares in the last quarter. Denali Advisors LLC acquired a new position in Jagged Peak Energy in the 2nd quarter valued at $79,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Jagged Peak Energy in the 2nd quarter valued at $97,000. 32.54% of the stock is owned by hedge funds and other 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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