Shares of Jagged Peak Energy Inc (NYSE:JAG) have received a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $14.92.
Several equities analysts recently issued reports on JAG shares. Cowen started coverage on Jagged Peak Energy in a research note on Thursday, November 29th. They set a “market perform” rating on the stock. MKM Partners started coverage on Jagged Peak Energy in a research note on Wednesday, December 5th. They set a “buy” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. set a $13.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Friday, December 7th. Evercore ISI lowered Jagged Peak Energy from an “outperform” rating to an “in-line” rating in a research note on Monday, December 10th. Finally, KeyCorp started coverage on Jagged Peak Energy in a research note on Thursday, December 20th. They set a “sector weight” rating on the stock.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $10.76, for a total value of $86,080.00. Following the sale, the insider now owns 428,368 shares of the company’s stock, valued at approximately $4,609,239.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher Humber sold 6,605 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total value of $71,466.10. The disclosure for this sale can be found here. Insiders sold a total of 65,677 shares of company stock worth $694,865 in the last ninety days. 1.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Jagged Peak Energy in the 3rd quarter valued at about $105,000. Great West Life Assurance Co. Can increased its holdings in shares of Jagged Peak Energy by 145.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock valued at $73,000 after acquiring an additional 4,947 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Jagged Peak Energy by 778.0% in the 4th quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock valued at $80,000 after acquiring an additional 7,780 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Jagged Peak Energy in the 3rd quarter valued at about $225,000. Finally, Wakefield Asset Management LLLP purchased a new position in shares of Jagged Peak Energy in the 3rd quarter valued at about $284,000. Institutional investors and hedge funds own 29.41% of the company’s stock.
JAG traded up $0.26 during mid-day trading on Thursday, hitting $10.86. 36,621 shares of the stock were exchanged, compared to its average volume of 1,738,602. Jagged Peak Energy has a 1-year low of $8.47 and a 1-year high of $14.98. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.23 and a beta of 0.87.
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, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.
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