Jagged Peak Energy (JAG) Earning Somewhat Favorable Press Coverage, Study Finds
News stories about Jagged Peak Energy (NYSE:JAG) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jagged Peak Energy earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the mining company an impact score of 46.5589398179539 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Jagged Peak Energy Inc. (JAG) Stock Rating Reaffirmed by BMO Capital Markets (americanbankingnews.com)
- Wolfe Research Initiates Coverage on Jagged Peak Energy Inc. (JAG) (americanbankingnews.com)
- Jagged Peak Energy: A Brief Review Of Its Q3 2017 Results (seekingalpha.com)
- Edited Transcript of JAG.N earnings conference call or presentation 9-Nov-17 4:00pm GMT (finance.yahoo.com)
- Jagged Peak Energy Sees IBD RS Rating Climb To 72 (finance.yahoo.com)
Shares of Jagged Peak Energy (JAG) traded down $0.24 on Thursday, hitting $14.10. 450,809 shares of the company’s stock were exchanged, compared to its average volume of 818,220. The firm has a market cap of $3,050.00 and a price-to-earnings ratio of 75.42. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week 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.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The company had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The company’s revenue for the quarter was up 219.3% on a year-over-year basis. equities research analysts anticipate that Jagged Peak Energy will post 0.28 EPS for the current year.
JAG has been the subject of a number of recent research reports. Citigroup Inc. set a $19.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reissued a “buy” rating and set a $17.00 price objective on shares of Jagged Peak Energy in a research note on Friday, November 3rd. Wolfe Research assumed coverage on shares of Jagged Peak Energy in a research note on Tuesday. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Bank of America Corporation assumed coverage on shares of Jagged Peak Energy in a research note on Monday, October 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.56.
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In other Jagged Peak Energy 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 transaction, the insider now owns 372,986 shares in the company, valued at approximately $5,609,709.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
About Jagged Peak Energy
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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