Piper Jaffray Companies Comments on Jagged Peak Energy Inc’s Q2 2019 Earnings (NYSE:JAG)
Jagged Peak Energy Inc (NYSE:JAG) – Analysts at Piper Jaffray Companies issued their Q2 2019 EPS estimates for Jagged Peak Energy in a research note issued on Sunday, July 7th. Piper Jaffray Companies analyst K. Harrison anticipates that the mining company will post earnings per share of $0.11 for the quarter. Piper Jaffray Companies has a “Overweight” rating and a $11.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Jagged Peak Energy’s Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.61 EPS, Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.30 EPS, Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $1.21 EPS.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. The firm had revenue of $129.60 million during the quarter, compared to the consensus estimate of $135.07 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s revenue was up .4% compared to the same quarter last year.
NYSE JAG opened at $8.53 on Wednesday. The company has a market cap of $1.88 billion, a P/E ratio of 13.33, a P/E/G ratio of 3.39 and a beta of 1.08. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $8.37. Jagged Peak Energy has a fifty-two week low of $7.76 and a fifty-two week high of $14.74.
In other Jagged Peak Energy news, Director James J. Kleckner sold 4,107 shares of the stock in a transaction 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 transaction, the director now owns 270,821 shares of the company’s stock, valued at approximately $2,949,240.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.28, for a total value of $82,240.00. Following the transaction, the insider now directly owns 476,120 shares in the company, valued at approximately $4,894,513.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,507 shares of company stock worth $265,073. Insiders own 0.98% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Jagged Peak Energy by 19.5% in the 1st quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock valued at $32,311,000 after purchasing an additional 502,834 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of 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 purchasing an additional 7,780 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of 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 purchasing an additional 1,880 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Jagged Peak Energy by 25.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,733 shares of the mining company’s stock worth $259,000 after acquiring an additional 4,993 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Jagged Peak Energy by 145.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock worth $73,000 after acquiring an additional 4,947 shares during the last quarter. Institutional investors and hedge funds own 28.40% of the company’s stock.
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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