KeyCorp Weighs in on Jagged Peak Energy Inc’s Q3 2019 Earnings (JAG)
Jagged Peak Energy Inc (NYSE:JAG) – Research analysts at KeyCorp boosted their Q3 2019 earnings estimates for Jagged Peak Energy in a research report issued to clients and investors on Sunday, April 21st. KeyCorp analyst L. Mariani now anticipates that the mining company will earn $0.17 per share for the quarter, up from their previous estimate of $0.16. KeyCorp also issued estimates for Jagged Peak Energy’s Q4 2019 earnings at $0.20 EPS.
Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings results on Thursday, February 28th. The mining company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The firm had revenue of $138.54 million for the quarter, compared to analysts’ expectations of $151.13 million. Jagged Peak Energy had a return on equity of 17.00% and a net margin of 28.45%.
Shares of NYSE JAG opened at $11.06 on Tuesday. The stock has a market cap of $2.40 billion, a PE ratio of 17.28, a PEG ratio of 1.54 and a beta of 0.90. Jagged Peak Energy has a 12 month low of $8.47 and a 12 month high of $14.91. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.52.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its stake in Jagged Peak Energy by 7.9% during the fourth quarter. Legal & General Group Plc now owns 23,353 shares of the mining company’s stock worth $213,000 after buying an additional 1,716 shares during the period. Squarepoint Ops LLC grew its stake in Jagged Peak Energy by 7.8% during the fourth quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock worth $238,000 after buying an additional 1,880 shares during the period. Nikko Asset Management Americas Inc. grew its stake in Jagged Peak Energy by 1.4% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 352,846 shares of the mining company’s stock worth $3,218,000 after buying an additional 4,933 shares during the period. Great West Life Assurance Co. Can grew its stake in Jagged Peak Energy by 145.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock worth $73,000 after buying an additional 4,947 shares during the period. Finally, Macquarie Group Ltd. grew its stake in Jagged Peak Energy by 778.0% during the fourth quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock worth $80,000 after buying an additional 7,780 shares during the period. Institutional investors own 29.75% of the company’s stock.
In other Jagged Peak Energy news, CFO Robert William Howard sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $10.97, for a total transaction of $54,850.00. Following the completion of the sale, the chief financial officer now directly owns 2,295,845 shares in the company, valued at $25,185,419.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Kleckner sold 4,107 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $10.89, for a total transaction of $44,725.23. Following the sale, the director now owns 270,821 shares of the company’s stock, valued at $2,949,240.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,784 shares of company stock valued at $904,200. 1.50% of the stock is owned by insiders.
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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