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

Jagged Peak Energy (NYSE:JAG) posted its quarterly earnings results 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. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The company had revenue of $150.07 million during the quarter, compared to the consensus estimate of $151.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.

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Shares of JAG stock traded down $0.10 during mid-day trading on Friday, hitting $7.65. 3,147,143 shares of the stock traded hands, compared to its average volume of 1,960,882. The stock has a market cap of $1.62 billion, a P/E ratio of 11.95, a P/E/G ratio of 11.42 and a beta of 1.08. The stock’s fifty day moving average is $7.20 and its two-hundred day moving average is $8.00. Jagged Peak Energy has a 52-week low of $5.80 and a 52-week 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.

Several brokerages have issued reports on JAG. SunTrust Banks dropped their target price on shares of Jagged Peak Energy from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Piper Jaffray Companies set a $10.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America cut shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $9.00 in a report on Tuesday, September 10th. Williams Capital cut shares of Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a report on Tuesday, October 15th. Finally, UBS Group dropped their target price on shares of Jagged Peak Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.38.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,015,258.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.98% of the company’s stock.

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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