Jagged Peak Energy (NYSE:JAG) Shares Down 0.5% on Insider Selling

Jagged Peak Energy Inc (NYSE:JAG) shares fell 0.5% on Friday after an insider sold shares in the company. The stock traded as low as $6.48 and last traded at $6.53, 40,669 shares traded hands during mid-day trading. A decline of 97% from the average session volume of 1,379,625 shares. The stock had previously closed at $6.56.

Specifically, insider Shonn D. Stahlecker sold 8,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $8.46, for a total transaction of $67,680.00. Following the sale, the insider now owns 460,120 shares of the company’s stock, valued at $3,892,615.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 24,400 shares of company stock valued at $191,628 over the last 90 days. 0.98% of the stock is currently owned by company insiders.

A number of brokerages have commented on JAG. Stifel Nicolaus set a $15.00 price target on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Friday, May 10th. Piper Jaffray Companies began coverage on shares of Jagged Peak Energy in a research report on Monday, July 8th. They set an “overweight” rating and a $11.00 price target on the stock. Williams Capital began coverage on shares of Jagged Peak Energy in a research report on Monday, June 17th. They set a “buy” rating and a $13.00 price target on the stock. Nomura began coverage on shares of Jagged Peak Energy in a research report on Tuesday, July 9th. They set an “overweight” rating on the stock. Finally, ValuEngine cut shares of Jagged Peak Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Jagged Peak Energy has an average rating of “Hold” and an average target price of $14.36.

The company has a market capitalization of $1.40 billion, a P/E ratio of 10.22, a P/E/G ratio of 10.12 and a beta of 1.08. The company has a 50-day moving average price of $7.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.37 and a current ratio of 0.37.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The company had revenue of $129.60 million for the quarter, compared to the consensus estimate of $135.07 million. Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. Jagged Peak Energy’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. Equities analysts anticipate that Jagged Peak Energy Inc will post 0.53 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in JAG. California Public Employees Retirement System bought a new stake in shares of Jagged Peak Energy in the 4th quarter valued at approximately $246,000. BlackRock Inc. increased its holdings in shares of Jagged Peak Energy by 7.4% in the 4th quarter. BlackRock Inc. now owns 4,706,332 shares of the mining company’s stock valued at $42,920,000 after acquiring an additional 322,974 shares during the last quarter. 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. Dimensional Fund Advisors LP increased its holdings in shares of Jagged Peak Energy by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 174,363 shares of the mining company’s stock valued at $1,590,000 after acquiring an additional 10,848 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Jagged Peak Energy by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 663,390 shares of the mining company’s stock valued at $6,050,000 after acquiring an additional 69,847 shares during the last quarter. 28.40% of the stock is currently owned by institutional investors and hedge funds.

About Jagged Peak Energy (NYSE:JAG)

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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