Jagged Peak Energy Inc. to Post FY2017 Earnings of $0.28 Per Share, KeyCorp Forecasts (JAG)
Jagged Peak Energy Inc. (NYSE:JAG) – Analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for Jagged Peak Energy in a research note issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the mining company will earn $0.28 per share for the year, up from their prior estimate of $0.27. KeyCorp also issued estimates for Jagged Peak Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.72 EPS.
Jagged Peak Energy (NYSE:JAG) last released its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The business had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. The firm’s revenue for the quarter was up 219.3% compared to the same quarter last year.
Jagged Peak Energy (JAG) opened at $14.28 on Friday. 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 has a 12 month low of $10.96 and a 12 month high of $15.52. The firm has a market cap of $3,115.18 and a P/E ratio of 77.00.
In related news, CEO Joseph N. Jaggers sold 58,844 shares of Jagged Peak Energy stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $15.28, for a total value of $899,136.32. Following the completion of the sale, the chief executive officer now owns 5,043,681 shares in the company, valued at approximately $77,067,445.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph N. Jaggers sold 6,656 shares of Jagged Peak Energy stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $15.25, for a total transaction of $101,504.00. Following the completion of the sale, the chief executive officer now owns 5,123,908 shares of the company’s stock, valued at approximately $78,139,597. The disclosure for this sale can be found here. Insiders sold a total of 165,500 shares of company stock valued at $2,504,640 in the last quarter.
A number of institutional investors have recently bought and sold shares of JAG. Swiss National Bank purchased a new position in Jagged Peak Energy in the 2nd quarter valued at approximately $710,000. Schwab Charles Investment Management Inc. boosted its position in Jagged Peak Energy by 88.3% in 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 buying an additional 53,684 shares during the period. Strs Ohio boosted its position in Jagged Peak Energy by 560.6% in the 3rd quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after buying an additional 52,700 shares during the period. Nationwide Fund Advisors boosted its position 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 valued at $251,000 after buying an additional 12,018 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in Jagged Peak Energy by 106.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 165,007 shares of the mining company’s stock valued at $2,145,000 after buying an additional 85,008 shares during the period. Hedge funds and other institutional investors own 21.26% of the company’s stock.
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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