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

Jagged Peak Energy (NYSE:JAG) announced its earnings results on Thursday. The mining company reported $0.10 earnings per share for the quarter, missing the 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 business had revenue of $150.07 million for the quarter, compared to the consensus estimate of $151.37 million. During the same quarter in the previous year, the company earned $0.18 EPS. Jagged Peak Energy’s revenue for the quarter was down 3.4% compared to the same quarter last year.

Shares of JAG traded down $0.10 during mid-day 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. Jagged Peak Energy has a twelve month low of $5.80 and a twelve month 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 company’s 50-day moving average is $7.20 and its 200-day moving average is $8.00. The company has a market capitalization 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.

JAG has been the subject of several recent analyst reports. Seaport Global Securities downgraded Jagged Peak Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Williams Capital downgraded Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Tuesday, October 15th. Bank of America downgraded Jagged Peak Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, September 10th. ValuEngine upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Williams Financial Group downgraded Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.38.

In other news, insider Shonn D. Stahlecker sold 10,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $6.82, for a total value of $68,200.00. Following the completion of the transaction, the insider now directly owns 442,120 shares of the company’s stock, valued at approximately $3,015,258.40. The sale was disclosed in a legal filing with the SEC, which is available at 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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