Jagged Peak Energy Inc (JAG) EVP Mark R. Petry Sells 148,941 Shares

Jagged Peak Energy Inc (NYSE:JAG) EVP Mark R. Petry sold 148,941 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $12.79, for a total transaction of $1,904,955.39. Following the completion of the sale, the executive vice president now directly owns 1,632,501 shares in the company, valued at $20,879,687.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jagged Peak Energy Inc (JAG) traded down $0.24 during trading on Monday, reaching $12.13. 1,147,881 shares of the company’s stock traded hands, compared to its average volume of 1,374,645. The company has a market cap of $2,633.95 and a PE ratio of -29.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38. Jagged Peak Energy Inc has a 52-week low of $10.96 and a 52-week high of $16.55.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $70.45 million for the quarter, compared to analysts’ expectations of $72.50 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. Jagged Peak Energy’s quarterly revenue was up 219.3% on a year-over-year basis. equities analysts forecast that Jagged Peak Energy Inc will post 0.22 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in Jagged Peak Energy by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after acquiring an additional 2,924 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Jagged Peak Energy in the 2nd quarter valued at about $153,000. Trexquant Investment LP bought a new position in Jagged Peak Energy in the 3rd quarter valued at about $205,000. Voya Investment Management LLC bought a new position in Jagged Peak Energy in the 2nd quarter valued at about $222,000. Finally, Nationwide Fund Advisors raised its holdings 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 acquiring an additional 12,018 shares during the period. 21.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus set a $16.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a report on Monday, January 29th. Tudor Pickering cut shares of Jagged Peak Energy from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Royal Bank of Canada cut shares of Jagged Peak Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 25th. Finally, Credit Suisse Group assumed coverage on shares of Jagged Peak Energy in a report on Monday, December 11th. They issued a “neutral” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Jagged Peak Energy presently has an average rating of “Buy” and a consensus target price of $17.67.

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About Jagged Peak Energy

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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