Jagged Peak Energy (NYSE:JAG) announced its quarterly earnings data on Thursday. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03), Briefing.com reports. Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.36%. The company had revenue of $150.07 million for the quarter, compared to analysts’ expectations of $151.37 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis.
Shares of Jagged Peak Energy stock traded down $0.10 during trading 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 company has a market cap of $1.62 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 11.42 and a beta of 1.08. The firm’s fifty day moving average is $7.20 and its 200-day moving average is $8.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.49. Jagged Peak Energy has a fifty-two week low of $5.80 and a fifty-two week high of $13.12.
In other news, insider Shonn D. Stahlecker sold 10,000 shares of the company’s stock in a transaction dated 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 owns 442,120 shares in the company, valued at approximately $3,015,258.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.
Several analysts have recently issued reports on JAG shares. UBS Group lowered 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 research note on Thursday, October 17th. SunTrust Banks lowered 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 note on Wednesday, October 16th. Barclays lowered their price objective on shares of Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Bank of America cut shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, September 10th. Finally, Williams Financial Group cut shares of Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research note on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Jagged Peak Energy currently has a consensus rating of “Hold” and an average price target 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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