Jagged Peak Energy (NYSE:JAG) Issues Earnings Results

Jagged Peak Energy (NYSE:JAG) announced its quarterly earnings results 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. The firm had revenue of $150.07 million during the quarter, compared to the consensus estimate of $151.37 million. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. Jagged Peak Energy’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS.

Shares of JAG stock traded down $0.10 during trading hours on Friday, reaching $7.65. The company had a trading volume of 3,147,143 shares, compared to its average volume of 1,960,882. The business has a fifty day moving average price of $7.20 and a 200-day moving average price of $8.00. Jagged Peak Energy has a one year low of $5.80 and a one year high of $13.12. The firm has a market cap of $1.62 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 11.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.49.

In related 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 completion of the sale, the insider now directly owns 442,120 shares in the company, valued at $3,015,258.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.98% of the company’s stock.

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A number of brokerages have issued reports on JAG. SunTrust Banks cut their price target on shares of Jagged Peak Energy from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group cut their price target on shares of Jagged Peak Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Barclays cut their price target on shares of Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Seaport Global Securities lowered shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Finally, KeyCorp cut their price target on shares of Jagged Peak Energy from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Jagged Peak Energy currently has an average rating of “Hold” and a consensus price target of $11.38.

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, 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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Earnings History for Jagged Peak Energy (NYSE:JAG)

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