Piper Jaffray Companies assumed coverage on shares of Jagged Peak Energy (NYSE:JAG) in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $11.00 target price on the mining company’s stock. Piper Jaffray Companies also issued estimates for Jagged Peak Energy’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.61 EPS, Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.30 EPS, Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $1.21 EPS.

Other analysts also recently issued research reports about the company. Stifel Nicolaus set a $74.00 target price on InterXion and gave the company a buy rating in a research note on Friday, May 10th. SunTrust Banks lifted their target price on Alliance Data Systems from $190.00 to $210.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. TheStreet downgraded Resolute Forest Products from a b- rating to a c+ rating in a research note on Wednesday, June 12th. Williams Capital began coverage on Jagged Peak Energy in a research note on Monday, June 17th. They set a buy rating and a $13.00 target price on the stock. Finally, ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $14.27.

Shares of NYSE JAG traded down $0.19 during trading on Monday, hitting $8.53. The company had a trading volume of 884,884 shares, compared to its average volume of 1,273,047. The company has a 50 day simple moving average of $8.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.68. Jagged Peak Energy has a 12 month low of $7.76 and a 12 month high of $14.74. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 3.39 and a beta of 1.08.

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

In other Jagged Peak Energy news, Director James J. Kleckner sold 4,107 shares of Jagged Peak Energy stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $10.89, for a total value of $44,725.23. Following the sale, the director now owns 270,821 shares of the company’s stock, valued at approximately $2,949,240.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $10.28, for a total value of $82,240.00. Following the completion of the sale, the insider now directly owns 476,120 shares in the company, valued at approximately $4,894,513.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,507 shares of company stock worth $265,073. Corporate insiders own 0.98% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in Jagged Peak Energy by 19.5% in the 1st quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock worth $32,311,000 after acquiring an additional 502,834 shares during the last quarter. Macquarie Group Ltd. increased its stake in Jagged Peak Energy by 778.0% in the 4th quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock worth $80,000 after acquiring an additional 7,780 shares during the last quarter. Squarepoint Ops LLC increased its stake in Jagged Peak Energy by 7.8% in the 4th quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock worth $238,000 after acquiring an additional 1,880 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Jagged Peak Energy by 25.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,733 shares of the mining company’s stock worth $259,000 after acquiring an additional 4,993 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Jagged Peak Energy by 145.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock worth $73,000 after acquiring an additional 4,947 shares during the last quarter. 28.40% of the stock is currently owned by institutional investors and hedge funds.

About Jagged Peak Energy

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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