Jagged Peak Energy Inc (NYSE:JAG) was the target of some unusual options trading activity on Monday. Stock traders bought 604 call options on the stock. This is an increase of 594% compared to the average volume of 87 call options.

In related news, insider Shonn D. Stahlecker sold 100,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the sale, the insider now directly owns 372,986 shares of the company’s stock, valued at $5,609,709.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph N. Jaggers sold 175,773 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $15.86, for a total transaction of $2,787,759.78. The disclosure for this sale can be found here. Insiders sold a total of 391,246 shares of company stock worth $6,070,480 over the last ninety days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank purchased a new position in Jagged Peak Energy during the second quarter valued at $710,000. Schwab Charles Investment Management Inc. raised its position in shares of Jagged Peak Energy by 88.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after buying an additional 53,684 shares during the last quarter. Strs Ohio raised its position in shares of Jagged Peak Energy by 560.6% in the third quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after buying an additional 52,700 shares during the last quarter. Gen IV Investment Opportunities LLC raised its position in shares of Jagged Peak Energy by 12.3% in the third quarter. Gen IV Investment Opportunities LLC now owns 578,997 shares of the mining company’s stock valued at $7,909,000 after buying an additional 63,565 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Jagged Peak Energy by 177.0% in the second quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock valued at $251,000 after buying an additional 12,018 shares during the last quarter. 21.26% of the stock is currently owned by institutional investors and hedge funds.

Jagged Peak Energy (JAG) opened at $15.90 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3,390.00 and a price-to-earnings ratio of -36.98. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $16.55.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $70.45 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 219.3% on a year-over-year basis. equities research analysts predict that Jagged Peak Energy will post 0.28 EPS for the current year.

A number of brokerages recently issued reports on JAG. Seaport Global Securities began 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. ValuEngine downgraded shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Sunday. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Royal Bank of Canada set a $18.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Bank of America began coverage on shares of Jagged Peak Energy in a report on Monday, October 16th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.61.

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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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