Jagged Peak Energy (NYSE: JAG) recently received a number of ratings updates from brokerages and research firms:

  • 10/17/2019 – Jagged Peak Energy had its price target lowered by analysts at UBS Group AG from $10.00 to $9.00. They now have a “neutral” rating on the stock.
  • 10/16/2019 – Jagged Peak Energy had its price target lowered by analysts at SunTrust Banks, Inc. from $12.00 to $10.00. They now have a “buy” rating on the stock.
  • 10/15/2019 – Jagged Peak Energy had its price target lowered by analysts at KeyCorp from $10.00 to $9.00. They now have an “overweight” rating on the stock.
  • 10/15/2019 – Jagged Peak Energy was downgraded by analysts at Williams Financial Group from a “buy” rating to a “hold” rating. They now have a $9.00 price target on the stock.
  • 10/15/2019 – Jagged Peak Energy was downgraded by analysts at Williams Capital from a “buy” rating to a “hold” rating. They now have a $8.00 price target on the stock.
  • 10/10/2019 – Jagged Peak Energy was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating.
  • 10/2/2019 – Jagged Peak Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/23/2019 – Jagged Peak Energy had its price target lowered by analysts at Citigroup Inc from $12.00 to $11.00. They now have a “buy” rating on the stock.
  • 9/10/2019 – Jagged Peak Energy was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $9.00 price target on the stock, down previously from $10.00.
  • 9/5/2019 – Jagged Peak Energy was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/30/2019 – Jagged Peak Energy had its price target lowered by analysts at Barclays PLC from $10.00 to $8.00. They now have an “equal weight” rating on the stock.

Jagged Peak Energy stock traded up $0.36 during midday trading on Tuesday, reaching $7.29. The stock had a trading volume of 5,828,925 shares, compared to its average volume of 1,874,599. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.44 billion, a PE ratio of 11.39, a P/E/G ratio of 10.16 and a beta of 1.09. Jagged Peak Energy Inc has a 12 month low of $5.80 and a 12 month high of $13.50. The firm’s 50-day moving average price is $7.23 and its 200 day moving average price is $8.32.

Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The company had revenue of $146.80 million for the quarter, compared to analysts’ expectations of $143.30 million. Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.36%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. Equities research analysts expect that Jagged Peak Energy Inc will post 0.49 EPS for the current year.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $6.69, for a total transaction of $53,520.00. Following the completion of the transaction, the insider now owns 452,120 shares of the company’s stock, valued at approximately $3,024,682.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shonn D. Stahlecker sold 10,000 shares of Jagged Peak Energy stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $6.82, for a total value of $68,200.00. Following the transaction, the insider now directly owns 442,120 shares of the company’s stock, valued at approximately $3,015,258.40. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its holdings in shares of Jagged Peak Energy by 1,314.3% during the second quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock worth $45,000 after purchasing an additional 5,152 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Jagged Peak Energy by 5,513.3% during the second quarter. Royal Bank of Canada now owns 8,027 shares of the mining company’s stock worth $66,000 after purchasing an additional 7,884 shares in the last quarter. Quantamental Technologies LLC grew its holdings in shares of Jagged Peak Energy by 1,183.6% during the second quarter. Quantamental Technologies LLC now owns 8,985 shares of the mining company’s stock worth $74,000 after purchasing an additional 8,285 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of Jagged Peak Energy during the second quarter worth about $79,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Jagged Peak Energy during the second quarter worth about $92,000. 29.63% of the stock is owned by institutional investors and hedge funds.

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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