Several other equities analysts have also issued reports on the company. National Alliance Securities initiated coverage on Jagged Peak Energy in a research note on Monday, October 22nd. They set a hold rating on the stock. ValuEngine raised Jagged Peak Energy from a sell rating to a hold rating in a research note on Tuesday, September 18th. Barclays initiated coverage on Jagged Peak Energy in a research note on Wednesday, August 29th. They set an equal weight rating and a $15.00 price target on the stock. Credit Suisse Group upped their price target on Jagged Peak Energy from $15.00 to $16.00 and gave the company a neutral rating in a research note on Friday, August 10th. Finally, Stifel Nicolaus upped their price target on Jagged Peak Energy from $18.00 to $19.00 and gave the company a buy rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $15.75.
Shares of JAG traded up $0.15 during trading hours on Friday, hitting $11.21. 1,073,844 shares of the stock traded hands, compared to its average volume of 984,702. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.64. Jagged Peak Energy has a 1-year low of $10.55 and a 1-year high of $16.55. The firm has a market capitalization of $2.36 billion, a PE ratio of 43.12 and a beta of -0.15.
In other Jagged Peak Energy news, EVP Christopher Humber sold 25,000 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $14.12, for a total value of $353,000.00. Following the transaction, the executive vice president now owns 84,551 shares of the company’s stock, valued at $1,193,860.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert William Howard sold 31,250 shares of the stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $13.98, for a total value of $436,875.00. Following the completion of the transaction, the chief financial officer now directly owns 2,011,673 shares in the company, valued at approximately $28,123,188.54. The disclosure for this sale can be found here. Insiders sold 87,500 shares of company stock worth $1,202,063 in the last three months. Insiders own 1.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Jagged Peak Energy by 15.5% in the second quarter. BlackRock Inc. now owns 3,797,380 shares of the mining company’s stock valued at $49,441,000 after buying an additional 510,513 shares during the period. Trexquant Investment LP bought a new stake in shares of Jagged Peak Energy in the second quarter worth about $283,000. James Investment Research Inc. bought a new stake in shares of Jagged Peak Energy in the third quarter worth about $2,045,000. Dimensional Fund Advisors LP bought a new stake in shares of Jagged Peak Energy in the second quarter worth about $2,124,000. Finally, Northern Trust Corp increased its holdings in shares of Jagged Peak Energy by 26.5% in the second quarter. Northern Trust Corp now owns 741,991 shares of the mining company’s stock worth $9,661,000 after acquiring an additional 155,408 shares in the last quarter. 28.84% of the stock is currently owned by hedge funds and other institutional investors.
Jagged Peak Energy Company Profile
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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