Jagged Peak Energy (NYSE:JAG) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Wednesday, TheStreetRatingsTable reports.

JAG has been the subject of several other research reports. Imperial Capital reaffirmed an “outperform” rating and issued a $16.00 target price (up previously from $14.00) on shares of Jagged Peak Energy in a research note on Monday, March 4th. SunTrust Banks began coverage on Jagged Peak Energy in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $15.00 target price for the company. Stifel Nicolaus set a $15.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Cowen reaffirmed a “hold” rating and issued a $13.00 target price on shares of Jagged Peak Energy in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.62.

JAG stock opened at $8.11 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.17 and a beta of 1.16. Jagged Peak Energy has a twelve month low of $7.76 and a twelve month high of $14.74.

Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The business had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $135.07 million. Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Sell-side analysts expect that Jagged Peak Energy will post 0.61 EPS for the current fiscal year.

In related news, Director James J. Kleckner sold 4,107 shares of the company’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 completion of the transaction, the director now owns 270,821 shares in the company, valued at $2,949,240.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert William Howard sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $10.56, for a total value of $105,600.00. Following the transaction, the chief financial officer now owns 2,300,845 shares of the company’s stock, valued at approximately $24,296,923.20. The disclosure for this sale can be found here. Insiders sold 43,507 shares of company stock valued at $442,483 in the last quarter. Corporate insiders own 0.98% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Jagged Peak Energy by 1.9% during the first quarter. BlackRock Inc. now owns 4,797,109 shares of the mining company’s stock worth $50,225,000 after buying an additional 90,777 shares during the period. Encompass Capital Advisors LLC raised its stake in shares of Jagged Peak Energy by 126.9% in the first quarter. Encompass Capital Advisors LLC now owns 3,880,596 shares of the mining company’s stock valued at $40,630,000 after acquiring an additional 2,170,314 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Jagged Peak Energy by 19.5% in the first quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock valued at $32,311,000 after acquiring an additional 502,834 shares in the last quarter. Boston Partners raised its stake in Jagged Peak Energy by 1.6% in the first quarter. Boston Partners now owns 1,124,569 shares of the mining company’s stock valued at $11,774,000 after buying an additional 18,059 shares in the last quarter. Finally, Phocas Financial Corp. raised its stake in Jagged Peak Energy by 46.7% in the first quarter. Phocas Financial Corp. now owns 845,528 shares of the mining company’s stock valued at $8,853,000 after buying an additional 269,102 shares in 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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Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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