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.
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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