ValuEngine Lowers Jagged Peak Energy (JAG) to Sell
ValuEngine cut shares of Jagged Peak Energy (NYSE:JAG) from a hold rating to a sell rating in a research report sent to investors on Sunday morning.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Jagged Peak Energy from a sell rating to a hold rating in a research note on Wednesday, September 20th. BMO Capital Markets set a $18.00 target price on Jagged Peak Energy and gave the company a buy rating in a report on Tuesday, October 10th. Credit Suisse Group initiated coverage on Jagged Peak Energy in a report on Monday, December 11th. They set a neutral rating and a $16.00 target price for the company. Bank of America initiated coverage on Jagged Peak Energy in a report on Monday, October 16th. They set a buy rating for the company. Finally, Imperial Capital initiated coverage on Jagged Peak Energy in a report on Thursday, October 12th. They set an outperform rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $17.61.
Shares of Jagged Peak Energy (NYSE JAG) traded up $0.02 during mid-day trading on Friday, reaching $15.80. The company had a trading volume of 1,043,900 shares, compared to its average volume of 814,150. Jagged Peak Energy has a fifty-two week low of $10.96 and a fifty-two week high of $16.55. The company has a market capitalization of $3,360.05 and a PE ratio of -37.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38.
Jagged Peak Energy (NYSE:JAG) last announced its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The business had revenue of $70.45 million during the quarter, compared to analysts’ expectations of $72.50 million. The business’s quarterly revenue was up 219.3% compared to the same quarter last year. sell-side analysts expect that Jagged Peak Energy will post 0.28 EPS for the current year.
In related news, CEO Joseph N. Jaggers sold 6,656 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $15.25, for a total value of $101,504.00. Following the completion of the sale, the chief executive officer now directly owns 5,123,908 shares of the company’s stock, valued at approximately $78,139,597. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shonn D. Stahlecker sold 100,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $15.04, for a total value of $1,504,000.00. Following the completion of the sale, the insider now directly owns 372,986 shares of the company’s stock, valued at $5,609,709.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 391,246 shares of company stock valued at $6,070,480.
A number of institutional investors have recently made changes to their positions in the stock. Boston Partners increased its holdings in shares of Jagged Peak Energy by 1.4% during the 3rd quarter. Boston Partners now owns 6,219,011 shares of the mining company’s stock valued at $84,951,000 after acquiring an additional 82,978 shares during the last quarter. Franklin Resources Inc. grew its holdings in Jagged Peak Energy by 3.9% in the 2nd quarter. Franklin Resources Inc. now owns 2,724,540 shares of the mining company’s stock valued at $36,373,000 after buying an additional 101,400 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Jagged Peak Energy by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,580,145 shares of the mining company’s stock worth $34,445,000 after purchasing an additional 175,591 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Jagged Peak Energy by 60.2% during the 2nd quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock worth $20,008,000 after purchasing an additional 563,031 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Jagged Peak Energy by 204.8% during the 2nd quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock worth $17,454,000 after purchasing an additional 878,710 shares in the last quarter. 21.26% of the stock is owned by hedge funds and other institutional investors.
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Jagged Peak Energy Company Profile
Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.
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