Jagged Peak Energy Inc (NYSE:JAG) – Stock analysts at SunTrust Banks reduced their Q2 2019 earnings per share estimates for shares of Jagged Peak Energy in a report issued on Sunday, May 12th, Zacks Investment Research reports. SunTrust Banks analyst N. Dingmann now anticipates that the mining company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.17. SunTrust Banks currently has a “Buy” rating and a $15.00 price target on the stock. SunTrust Banks also issued estimates for Jagged Peak Energy’s Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.64 EPS.
A number of other brokerages also recently commented on JAG. TheStreet upgraded Jagged Peak Energy from a “d+” rating to a “c-” rating in a report on Monday, April 15th. Cowen restated a “hold” rating and set a $13.00 target price on shares of Jagged Peak Energy in a report on Wednesday, February 20th. Stifel Nicolaus set a $15.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Imperial Capital restated an “outperform” rating and set a $16.00 target price (up previously from $14.00) on shares of Jagged Peak Energy in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $14.62.
Shares of Jagged Peak Energy stock traded down $0.30 during midday trading on Wednesday, reaching $8.44. 1,053,400 shares of the company’s stock traded hands, compared to its average volume of 1,254,403. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.86 billion, a PE ratio of 13.19, a P/E/G ratio of 1.33 and a beta of 0.89. Jagged Peak Energy has a 12 month low of $8.43 and a 12 month high of $14.74.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The company had revenue of $129.60 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS.
In other news, CFO Robert William Howard sold 10,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $10.56, for a total value of $105,600.00. Following the sale, the chief financial officer now directly owns 2,300,845 shares of the company’s stock, valued at $24,296,923.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James J. Kleckner sold 4,107 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 270,821 shares in the company, valued at $2,949,240.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,507 shares of company stock worth $456,403. 0.98% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC grew its position in shares of Jagged Peak Energy by 126.9% during the first quarter. Encompass Capital Advisors LLC now owns 3,880,596 shares of the mining company’s stock worth $40,630,000 after purchasing an additional 2,170,314 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Jagged Peak Energy by 53.1% during the 1st 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 in the last quarter. Geode Capital Management LLC grew its holdings in Jagged Peak Energy by 11.0% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Jagged Peak Energy by 5.0% during the 1st 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Jagged Peak Energy by 20.2% during the 1st 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 in the last quarter. 28.40% of the stock is currently owned by hedge funds and other institutional investors.
Jagged Peak Energy Company Profile
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.