Jagged Peak Energy Inc. (JAG) Now Covered by Wolfe Research
Equities research analysts at Wolfe Research assumed coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a research note issued to investors on Tuesday. The firm set a “market perform” rating on the mining company’s stock.
JAG has been the topic of several other reports. Royal Bank Of Canada set a $17.00 price target on shares of Jagged Peak Energy and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. ValuEngine cut shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC started coverage on shares of Jagged Peak Energy in a report on Monday, October 9th. They set a “hold” rating and a $14.00 price target on the stock. Finally, Seaport Global Securities started coverage on shares of Jagged Peak Energy in a report on Thursday, September 28th. They set a “buy” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $17.61.
Jagged Peak Energy (NYSE:JAG) traded down $0.16 during midday trading on Tuesday, reaching $14.77. 756,400 shares of the company’s stock traded hands, compared to its average volume of 816,872. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $15.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $3,179.06 and a PE ratio of 78.58.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The business had revenue of $70.45 million for the quarter, compared to analysts’ expectations of $72.50 million. The firm’s quarterly revenue was up 219.3% on a year-over-year basis. equities research analysts expect that Jagged Peak Energy will post 0.28 earnings per share for the current fiscal year.
In related news, insider Shonn D. Stahlecker sold 100,000 shares of Jagged Peak Energy stock in a transaction on Monday, November 6th. The shares were 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 owns 372,986 shares of the company’s stock, valued at approximately $5,609,709.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its position in Jagged Peak Energy by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock worth $102,000 after acquiring an additional 2,924 shares during the last quarter. UBS Group AG acquired a new position in Jagged Peak Energy during the 1st quarter worth $111,000. Dynamic Technology Lab Private Ltd acquired a new position in Jagged Peak Energy during the 2nd quarter worth $153,000. Trexquant Investment LP acquired a new position in Jagged Peak Energy during the 3rd quarter worth $205,000. Finally, Bank of America Corp DE acquired a new position in Jagged Peak Energy during the 1st quarter worth $206,000. 17.28% of the stock is owned by hedge funds and other institutional investors.
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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