Nationwide Fund Advisors Grows Stake in Jagged Peak Energy Inc. (JAG)
Nationwide Fund Advisors lifted its position in shares of Jagged Peak Energy Inc. (NYSE:JAG) by 177.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,809 shares of the mining company’s stock after buying an additional 12,018 shares during the quarter. Nationwide Fund Advisors’ holdings in Jagged Peak Energy were worth $251,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in JAG. Vanguard Group Inc. acquired a new position in shares of Jagged Peak Energy during the 1st quarter worth $31,355,000. Teachers Advisors LLC acquired a new position in shares of Jagged Peak Energy during the 1st quarter worth $13,363,000. Boston Partners raised its stake in shares of Jagged Peak Energy by 6.6% during the 2nd quarter. Boston Partners now owns 6,136,033 shares of the mining company’s stock worth $81,916,000 after buying an additional 378,822 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Jagged Peak Energy during the 1st quarter worth $3,048,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Jagged Peak Energy by 20.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,069,428 shares of the mining company’s stock worth $14,277,000 after buying an additional 181,246 shares during the last quarter. 17.28% of the stock is owned by institutional investors and hedge funds.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $15.04, for a total value of $1,504,000.00. Following the transaction, the insider now directly owns 372,986 shares of the company’s stock, valued at approximately $5,609,709.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BMO Capital Markets set a $18.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Saturday, August 12th. Seaport Global Securities assumed coverage on shares of Jagged Peak Energy in a research note on Thursday, September 28th. They issued a “buy” rating and a $16.00 target price for the company. ValuEngine downgraded shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation assumed coverage on Jagged Peak Energy in a report on Monday, October 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.61.
Jagged Peak Energy Inc. (JAG) opened at $14.93 on Monday. The firm has a market capitalization of $3,179.06 and a P/E ratio of 78.58. Jagged Peak Energy Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $15.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $70.45 million during the quarter, compared to analysts’ expectations of $72.50 million. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The business’s quarterly revenue was up 219.3% on a year-over-year basis. equities analysts forecast that Jagged Peak Energy Inc. will post 0.28 earnings per share for the current year.
About Jagged Peak Energy
Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.
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