Jagged Peak Energy (NYSE:JAG) issued its quarterly earnings data on Thursday. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03), Briefing.com reports. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The firm had revenue of $150.07 million during the quarter, compared to analysts’ expectations of $151.37 million. During the same period in the previous year, the firm earned $0.18 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis.
NYSE:JAG traded down $0.10 during trading hours on Friday, hitting $7.65. 3,147,143 shares of the company were exchanged, compared to its average volume of 1,960,882. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 11.42 and a beta of 1.08. Jagged Peak Energy has a 52-week low of $5.80 and a 52-week high of $13.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.49 and a quick ratio of 0.49. The company’s 50 day moving average price is $7.20 and its 200-day moving average price is $8.00.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $6.82, for a total transaction of $68,200.00. Following the sale, the insider now owns 442,120 shares of the company’s stock, valued at approximately $3,015,258.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by insiders.
JAG has been the topic of a number of analyst reports. ValuEngine raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies set a $10.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America downgraded shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, September 10th. Williams Capital downgraded shares of Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a research report on Tuesday, October 15th. Finally, KeyCorp cut their price objective on shares of Jagged Peak Energy from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.38.
About Jagged Peak Energy
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.
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