Jagged Peak Energy (NYSE:JAG) Issues Earnings Results, Misses Expectations By $0.03 EPS

Jagged Peak Energy (NYSE:JAG) announced its quarterly earnings data on Thursday. The mining company reported $0.10 EPS 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 during the quarter, compared to analyst estimates of $151.37 million. Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.36%. Jagged Peak Energy’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS.

Shares of JAG stock traded down $0.10 during midday trading on Friday, reaching $7.65. 3,147,143 shares of the company traded hands, compared to its average volume of 1,960,882. The firm’s 50 day simple moving average is $7.20 and its two-hundred day simple moving average is $8.00. Jagged Peak Energy has a 1-year low of $5.80 and a 1-year high of $13.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.49 and a quick ratio of 0.49. 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.

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 transaction of $68,200.00. Following the completion of the sale, the insider now directly owns 442,120 shares in the company, valued at approximately $3,015,258.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.98% of the stock is currently owned by company insiders.

A number of brokerages recently commented on JAG. ValuEngine upgraded shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America downgraded shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, September 10th. SunTrust Banks reduced their price objective on shares of Jagged Peak Energy from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Seaport Global Securities downgraded shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Finally, KeyCorp reduced 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 research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.38.

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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