Shares of Jagged Peak Energy Inc (NYSE:JAG) gapped down before the market opened on Thursday . The stock had previously closed at $10.26, but opened at $9.95. Jagged Peak Energy shares last traded at $9.12, with a volume of 2017525 shares.

A number of analysts recently issued reports on JAG shares. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Cowen reissued a “hold” rating and set a $13.00 price target on shares of Jagged Peak Energy in a report on Wednesday, February 20th. Imperial Capital reissued an “outperform” rating and set a $16.00 price target (up from $14.00) on shares of Jagged Peak Energy in a report on Monday, March 4th. TheStreet downgraded shares of Jagged Peak Energy from a “c-” rating to a “d+” rating in a report on Friday, March 8th. Finally, SunTrust Banks assumed coverage on shares of Jagged Peak Energy in a report on Tuesday, April 2nd. They set a “buy” rating and a $15.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.62.

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $2.26 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The company had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $135.07 million. Jagged Peak Energy had a net margin of 18.89% and a return on equity of 15.42%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. Analysts predict that Jagged Peak Energy Inc will post 0.61 EPS for the current fiscal year.

In other news, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $10.02, for a total value of $80,160.00. Following the completion of the sale, the insider now directly owns 492,120 shares in the company, valued at $4,931,042.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert William Howard sold 10,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $10.56, for a total transaction of $105,600.00. Following the completion of the sale, the chief financial officer now owns 2,300,845 shares of the company’s stock, valued at $24,296,923.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,107 shares of company stock worth $452,215. Insiders own 0.98% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Encompass Capital Advisors LLC raised its position in shares of Jagged Peak Energy by 126.9% in the first quarter. Encompass Capital Advisors LLC now owns 3,880,596 shares of the mining company’s stock valued at $40,630,000 after buying an additional 2,170,314 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Jagged Peak Energy by 53.1% in the first quarter. Goldman Sachs Group Inc. now owns 296,913 shares of the mining company’s stock valued at $3,109,000 after buying an additional 102,977 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Jagged Peak Energy by 11.0% in the first quarter. Geode Capital Management LLC now owns 736,328 shares of the mining company’s stock valued at $7,709,000 after buying an additional 72,938 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Jagged Peak Energy by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 360,119 shares of the mining company’s stock valued at $3,771,000 after buying an additional 17,215 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Jagged Peak Energy by 20.2% in the first quarter. The Manufacturers Life Insurance Company now owns 48,051 shares of the mining company’s stock valued at $503,000 after buying an additional 8,059 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

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About Jagged Peak Energy (NYSE:JAG)

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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