Jagged Peak Energy Inc. (JAG) CEO Sells $899,136.32 in Stock

Jagged Peak Energy Inc. (NYSE:JAG) CEO Joseph N. Jaggers sold 58,844 shares of Jagged Peak Energy stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $15.28, for a total value of $899,136.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Jagged Peak Energy Inc. (JAG) traded up $0.40 during mid-day trading on Friday, hitting $15.18. 1,912,600 shares of the stock were exchanged, compared to its average volume of 816,747. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $3,230.00 and a price-to-earnings ratio of 78.53. Jagged Peak Energy Inc. has a 52-week low of $10.96 and a 52-week high of $15.47.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The business had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. The business’s quarterly revenue was up 219.3% on a year-over-year basis. sell-side analysts forecast that Jagged Peak Energy Inc. will post 0.28 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in JAG. Legal & General Group Plc raised its stake in Jagged Peak Energy by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock worth $102,000 after buying an additional 2,924 shares during the period. UBS Group AG bought a new position in Jagged Peak Energy during the first quarter worth about $111,000. Dynamic Technology Lab Private Ltd bought a new position in Jagged Peak Energy during the second quarter worth about $153,000. Trexquant Investment LP bought a new position in Jagged Peak Energy during the third quarter worth about $205,000. Finally, Bank of America Corp DE bought a new position in Jagged Peak Energy during the first quarter worth about $206,000. 21.26% of the stock is currently owned by institutional investors.

Several brokerages have commented on JAG. Scotiabank set a $16.00 price target on Jagged Peak Energy and gave the stock a “hold” rating in a research note on Wednesday, November 22nd. BMO Capital Markets set a $17.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Wolfe Research assumed coverage on Jagged Peak Energy in a research note on Tuesday, November 14th. They set a “market perform” rating on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 target price on shares of Jagged Peak Energy in a report on Friday, November 3rd. Finally, Bank of America assumed coverage on Jagged Peak Energy in a report on Monday, October 16th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.72.

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Jagged Peak Energy Company Profile

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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