Robert William Howard Sells 31,250 Shares of Jagged Peak Energy Inc (JAG) Stock

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Jagged Peak Energy Inc (NYSE:JAG) CFO Robert William Howard sold 31,250 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $13.98, for a total transaction of $436,875.00. Following the completion of the sale, the chief financial officer now directly owns 2,011,673 shares of the company’s stock, valued at approximately $28,123,188.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Robert William Howard also recently made the following trade(s):

  • On Thursday, September 13th, Robert William Howard sold 31,250 shares of Jagged Peak Energy stock. The stock was sold at an average price of $13.19, for a total transaction of $412,187.50.
  • On Thursday, August 23rd, Robert William Howard sold 31,250 shares of Jagged Peak Energy stock. The stock was sold at an average price of $13.11, for a total transaction of $409,687.50.

NYSE JAG traded up $0.27 during mid-day trading on Friday, reaching $12.60. 2,810,153 shares of the stock were exchanged, compared to its average volume of 1,111,221. Jagged Peak Energy Inc has a 1 year low of $10.55 and a 1 year high of $16.55. The company has a market capitalization of $2.78 billion, a PE ratio of 48.46 and a beta of -0.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.12.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Friday, November 9th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The firm had revenue of $155.40 million for the quarter, compared to the consensus estimate of $144.71 million. Jagged Peak Energy had a net margin of 0.70% and a return on equity of 14.55%. The firm’s quarterly revenue was up 120.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, equities analysts expect that Jagged Peak Energy Inc will post 0.36 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners lifted its stake in shares of Jagged Peak Energy by 67.0% in the second quarter. Boston Partners now owns 10,714,424 shares of the mining company’s stock worth $139,502,000 after buying an additional 4,299,224 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Jagged Peak Energy in the second quarter worth about $32,913,000. BlackRock Inc. lifted its stake in shares of Jagged Peak Energy by 15.4% in the third quarter. BlackRock Inc. now owns 4,383,358 shares of the mining company’s stock worth $60,621,000 after buying an additional 585,978 shares in the last quarter. Cambiar Investors LLC acquired a new stake in Jagged Peak Energy during the second quarter worth about $5,390,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in Jagged Peak Energy during the second quarter worth about $5,298,000. 33.59% of the stock is currently owned by institutional investors and hedge funds.

JAG has been the subject of several recent analyst reports. ValuEngine lowered shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Barclays initiated coverage on shares of Jagged Peak Energy in a research note on Wednesday, August 29th. They set an “equal weight” rating and a $15.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Jagged Peak Energy from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Jagged Peak Energy from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Jagged Peak Energy currently has an average rating of “Hold” and an average target price of $16.18.

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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, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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Insider Buying and Selling by Quarter for Jagged Peak Energy (NYSE:JAG)

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