Jagged Peak Energy Inc (NYSE:JAG) – Investment analysts at Jefferies Financial Group dropped their Q1 2019 earnings per share estimates for shares of Jagged Peak Energy in a research report issued to clients and investors on Wednesday, March 13th. Jefferies Financial Group analyst M. Lear now anticipates that the mining company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.15. Jefferies Financial Group also issued estimates for Jagged Peak Energy’s FY2019 earnings at $0.61 EPS.

Other research analysts have also issued reports about the company. Cowen reiterated a “hold” rating and issued a $13.00 price objective on shares of Jagged Peak Energy in a research report on Wednesday, February 20th. Evercore ISI lowered Jagged Peak Energy from an “outperform” rating to an “in-line” rating in a research report on Monday, December 10th. JPMorgan Chase & Co. set a $13.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research report on Friday, December 7th. MKM Partners assumed coverage on Jagged Peak Energy in a research report on Wednesday, December 5th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Macquarie assumed coverage on 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.07.

Shares of JAG opened at $10.16 on Monday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.88 and a beta of 0.87. 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.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Jagged Peak Energy by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 663,390 shares of the mining company’s stock worth $6,050,000 after purchasing an additional 69,847 shares during the last quarter. Norges Bank bought a new position in shares of Jagged Peak Energy in the 4th quarter worth $6,552,000. Dimensional Fund Advisors LP boosted its position in shares of Jagged Peak Energy by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 174,363 shares of the mining company’s stock worth $1,590,000 after purchasing an additional 10,848 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Jagged Peak Energy by 778.0% in the 4th quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock worth $80,000 after purchasing an additional 7,780 shares during the last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Jagged Peak Energy in the 4th quarter worth $5,257,000. Institutional investors and hedge funds own 29.44% of the company’s stock.

In other news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $10.02, for a total value of $80,160.00. Following the transaction, the insider now directly owns 492,120 shares in the company, valued at approximately $4,931,042.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Humber sold 6,605 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $10.82, for a total value of $71,466.10. The disclosure for this sale can be found here. Insiders sold a total of 65,677 shares of company stock worth $694,865 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

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, 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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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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