Tudor Pickering lowered shares of Jagged Peak Energy (NYSE:JAG) from a buy rating to a hold rating in a report released on Monday morning, Marketbeat Ratings reports.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada cut shares of Jagged Peak Energy from an outperform rating to a sector perform rating in a research report on Thursday, January 25th. ValuEngine cut shares of Jagged Peak Energy from a hold rating to a sell rating in a research report on Sunday, December 31st. Credit Suisse Group initiated coverage on shares of Jagged Peak Energy in a research report on Monday, December 11th. They set a neutral rating and a $16.00 price target for the company. Scotiabank set a $16.00 price target on shares of Jagged Peak Energy and gave the stock a hold rating in a research report on Wednesday, November 22nd. Finally, BMO Capital Markets set a $17.00 price target on shares of Jagged Peak Energy and gave the stock a buy rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $17.67.

Shares of Jagged Peak Energy (JAG) opened at $12.85 on Monday. The company has a market capitalization of $2,957.61 and a price-to-earnings ratio of -30.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $16.55.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $70.45 million during the quarter, compared to the consensus estimate of $72.50 million. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The firm’s revenue was up 219.3% on a year-over-year basis. research analysts predict that Jagged Peak Energy will post 0.28 earnings per share for the current year.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $15.04, for a total value of $1,504,000.00. Following the completion of the transaction, the insider now directly owns 372,986 shares of the company’s stock, valued at approximately $5,609,709.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph N. Jaggers sold 58,844 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $15.28, for a total transaction of $899,136.32. Following the completion of the transaction, the chief executive officer now directly owns 5,043,681 shares of the company’s stock, valued at $77,067,445.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 391,246 shares of company stock valued at $6,070,480.

Large investors have recently bought and sold shares of the business. Swiss National Bank purchased a new position in Jagged Peak Energy in the 2nd quarter valued at about $710,000. Schwab Charles Investment Management Inc. boosted its position in Jagged Peak Energy by 88.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after buying an additional 53,684 shares during the last quarter. Gen IV Investment Opportunities LLC boosted its position in Jagged Peak Energy by 12.3% in the 3rd quarter. Gen IV Investment Opportunities LLC now owns 578,997 shares of the mining company’s stock valued at $7,909,000 after buying an additional 63,565 shares during the last quarter. Strs Ohio boosted its position in Jagged Peak Energy by 560.6% in the 3rd quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after buying an additional 52,700 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Jagged Peak Energy in the 3rd quarter valued at about $649,000. 21.42% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/jagged-peak-energy-jag-downgraded-by-tudor-pickering/1836115.html.

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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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.