Jagged Peak Energy Inc (NYSE:JAG) was down 1.2% during trading on Friday . The stock traded as low as $13.31 and last traded at $13.15. Approximately 22,689 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,411,932 shares. The stock had previously closed at $13.31.

Several equities research analysts recently commented on JAG shares. Stifel Nicolaus boosted their price target on shares of Jagged Peak Energy from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, August 10th. KLR Group reissued a “buy” rating and issued a $19.00 price target on shares of Jagged Peak Energy in a report on Monday, August 20th. BMO Capital Markets set a $16.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Sunday, August 12th. Zacks Investment Research raised shares of Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday. Finally, Barclays started coverage on shares of Jagged Peak Energy in a report on Wednesday, August 29th. They issued an “equal weight” rating and a $15.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.18.

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $2.95 billion, a PE ratio of 52.04 and a beta of -1.20.

Jagged Peak Energy (NYSE:JAG) last announced its earnings results on Thursday, August 9th. The mining company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. Jagged Peak Energy had a net margin of 0.70% and a return on equity of 14.55%. The company had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $140.36 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 198.9% on a year-over-year basis. On average, research analysts predict that Jagged Peak Energy Inc will post 0.31 earnings per share for the current year.

In other Jagged Peak Energy news, EVP Christopher Humber sold 25,000 shares of Jagged Peak Energy stock in a transaction on Monday, September 24th. The shares were sold at an average price of $14.12, for a total transaction of $353,000.00. Following the sale, the executive vice president now owns 84,551 shares of the company’s stock, valued at approximately $1,193,860.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert William Howard sold 15,625 shares of Jagged Peak Energy stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $14.17, for a total transaction of $221,406.25. Following the sale, the chief financial officer now directly owns 2,105,423 shares in the company, valued at approximately $29,833,843.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,125 shares of company stock worth $1,396,281. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in JAG. Boston Partners boosted its position in shares of Jagged Peak Energy by 67.0% during the 2nd quarter. Boston Partners now owns 10,714,424 shares of the mining company’s stock valued at $139,502,000 after acquiring an additional 4,299,224 shares during the last quarter. BlackRock Inc. boosted its position in shares of Jagged Peak Energy by 15.5% during the 2nd quarter. BlackRock Inc. now owns 3,797,380 shares of the mining company’s stock valued at $49,441,000 after acquiring an additional 510,513 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Jagged Peak Energy during the 2nd quarter valued at about $32,913,000. Northern Trust Corp boosted its position in shares of Jagged Peak Energy by 26.5% during the 2nd quarter. Northern Trust Corp now owns 741,991 shares of the mining company’s stock valued at $9,661,000 after acquiring an additional 155,408 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Jagged Peak Energy by 62.7% during the 2nd quarter. Bank of America Corp DE now owns 511,507 shares of the mining company’s stock valued at $6,661,000 after acquiring an additional 197,048 shares during the last quarter. 33.63% of the stock is currently owned by institutional investors.

Jagged Peak Energy Company Profile (NYSE:JAG)

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, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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