Joseph N. Jaggers Sells 175,773 Shares of Jagged Peak Energy Inc. (JAG) Stock
Jagged Peak Energy Inc. (NYSE:JAG) CEO Joseph N. Jaggers sold 175,773 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jagged Peak Energy Inc. (JAG) traded down $0.44 during trading on Thursday, hitting $15.91. 709,300 shares of the stock were exchanged, compared to its average volume of 810,919. The company has a market cap of $3,480.00 and a P/E ratio of -37.00. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $16.55.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates 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 business’s quarterly revenue was up 219.3% compared to the same quarter last year. equities research analysts anticipate that Jagged Peak Energy Inc. will post 0.28 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Jagged Peak Energy in a research report on Friday, November 3rd. Scotiabank set a $16.00 target price on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Jefferies Group assumed coverage on shares of Jagged Peak Energy in a research report on Monday, October 9th. They issued a “hold” rating and a $14.00 target price for the company. Wolfe Research assumed coverage on shares of Jagged Peak Energy in a research report on Tuesday, November 14th. They issued a “market perform” rating for the company. Finally, Credit Suisse Group assumed coverage on shares of Jagged Peak Energy in a research report on Monday, December 11th. They issued a “neutral” rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.61.
Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank bought a new position in shares of Jagged Peak Energy during the 2nd quarter valued at $710,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Jagged Peak Energy by 88.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after purchasing an additional 53,684 shares in the last quarter. Strs Ohio raised its holdings in shares of Jagged Peak Energy by 560.6% during the 3rd quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after purchasing an additional 52,700 shares in the last quarter. Gen IV Investment Opportunities LLC raised its holdings in shares of Jagged Peak Energy by 12.3% during the 3rd quarter. Gen IV Investment Opportunities LLC now owns 578,997 shares of the mining company’s stock valued at $7,909,000 after purchasing an additional 63,565 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in Jagged Peak Energy by 177.0% in the 2nd quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock worth $251,000 after acquiring an additional 12,018 shares during the period. Institutional investors and hedge funds own 21.26% of the company’s stock.
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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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