Jagged Peak Energy Inc (NYSE:JAG) – Stock analysts at SunTrust Banks decreased their Q4 2019 earnings per share (EPS) estimates for shares of Jagged Peak Energy in a note issued to investors on Wednesday, October 16th. SunTrust Banks analyst N. Dingmann now forecasts that the mining company will post earnings per share of $0.19 for the quarter, down from their prior forecast of $0.20. SunTrust Banks has a “Buy” rating and a $10.00 price objective on the stock. SunTrust Banks also issued estimates for Jagged Peak Energy’s Q1 2020 earnings at $0.21 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.24 EPS, FY2020 earnings at $0.91 EPS, Q1 2021 earnings at $0.23 EPS, Q2 2021 earnings at $0.23 EPS, Q3 2021 earnings at $0.25 EPS and FY2021 earnings at $0.97 EPS.
Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $146.80 million for the quarter, compared to the consensus estimate of $143.30 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 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share.
Shares of JAG opened at $7.29 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 11.39, a P/E/G ratio of 10.16 and a beta of 1.09. Jagged Peak Energy has a twelve month low of $5.80 and a twelve month high of $13.50. The company has a 50 day moving average of $7.24 and a 200-day moving average of $8.30. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.74.
Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in Jagged Peak Energy by 1,314.3% during the 2nd quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock valued at $45,000 after purchasing an additional 5,152 shares during the last quarter. Royal Bank of Canada lifted its holdings in Jagged Peak Energy by 5,513.3% during the 2nd quarter. Royal Bank of Canada now owns 8,027 shares of the mining company’s stock valued at $66,000 after purchasing an additional 7,884 shares during the last quarter. Quantamental Technologies LLC lifted its holdings in Jagged Peak Energy by 1,183.6% during the 2nd quarter. Quantamental Technologies LLC now owns 8,985 shares of the mining company’s stock valued at $74,000 after purchasing an additional 8,285 shares during the last quarter. Denali Advisors LLC acquired a new stake in Jagged Peak Energy during the 2nd quarter valued at $79,000. Finally, WINTON GROUP Ltd acquired a new stake in Jagged Peak Energy during the 2nd quarter valued at $92,000. 29.63% of the stock is owned by institutional investors and hedge funds.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $6.69, for a total transaction of $53,520.00. Following the completion of the sale, the insider now owns 452,120 shares of the company’s stock, valued at approximately $3,024,682.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shonn D. Stahlecker sold 10,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 442,120 shares of the company’s stock, valued at approximately $3,015,258.40. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.
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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