Jagged Peak Energy (NYSE:JAG) Issues Quarterly Earnings Results

Jagged Peak Energy (NYSE:JAG) released its quarterly earnings results on Thursday, November 7th. The mining company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03), Briefing.com reports. The firm had revenue of $150.07 million for the quarter, compared to analyst estimates of $151.37 million. Jagged Peak Energy had a net margin of 29.01% and a return on equity of 9.85%. Jagged Peak Energy’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share.

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Shares of JAG stock traded up $0.16 during midday trading on Friday, reaching $7.32. 1,401,982 shares of the company were exchanged, compared to its average volume of 3,324,155. Jagged Peak Energy has a 12 month low of $5.80 and a 12 month high of $12.76. The company has a market cap of $1.53 billion, a P/E ratio of 17.05, a PEG ratio of 11.44 and a beta of 1.08. The company’s 50 day moving average price is $7.15 and its two-hundred day moving average price is $7.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.55.

In other news, insider Shonn D. Stahlecker sold 10,000 shares of Jagged Peak Energy stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $6.82, for a total value of $68,200.00. Following the transaction, the insider now owns 442,120 shares of the company’s stock, valued at approximately $3,015,258.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is currently owned by insiders.

Several research analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Jagged Peak Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Piper Jaffray Companies set a $10.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America lowered shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $9.00 in a report on Tuesday, September 10th. KeyCorp decreased their price objective on shares of Jagged Peak Energy from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Finally, ValuEngine raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Jagged Peak Energy has an average rating of “Hold” and a consensus target price of $11.13.

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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Earnings History for Jagged Peak Energy (NYSE:JAG)

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