Jagged Peak Energy Inc to Post FY2019 Earnings of $0.49 Per Share, Imperial Capital Forecasts (NYSE:JAG)
Jagged Peak Energy Inc (NYSE:JAG) – Investment analysts at Imperial Capital upped their FY2019 earnings per share (EPS) estimates for shares of Jagged Peak Energy in a note issued to investors on Monday, August 12th. Imperial Capital analyst I. Haas now expects that the mining company will earn $0.49 per share for the year, up from their prior estimate of $0.48. Imperial Capital also issued estimates for Jagged Peak Energy’s Q4 2019 earnings at $0.18 EPS, Q2 2020 earnings at $0.23 EPS and FY2020 earnings at $0.92 EPS.
Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Thursday, August 8th. The mining company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The company had revenue of $146.80 million for the quarter, compared to the consensus estimate of $143.30 million. Jagged Peak Energy had a return on equity of 12.53% and a net margin of 18.73%. Jagged Peak Energy’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS.
Jagged Peak Energy stock opened at $6.24 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $1.39 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 9.16 and a beta of 1.07. Jagged Peak Energy has a one year low of $5.80 and a one year high of $14.74. The business has a 50 day simple moving average of $7.56 and a 200 day simple moving average of $9.40.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction on Monday, July 1st. The stock was sold at an average price of $8.46, for a total value of $67,680.00. Following the completion of the transaction, the insider now owns 460,120 shares in the company, valued at approximately $3,892,615.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 24,400 shares of company stock valued at $191,628. Corporate insiders own 0.98% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its position in Jagged Peak Energy by 6.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,352 shares of the mining company’s stock valued at $210,000 after purchasing an additional 1,624 shares during the last quarter. Legal & General Group Plc raised its position in Jagged Peak Energy by 7.9% in the 4th quarter. Legal & General Group Plc now owns 23,353 shares of the mining company’s stock valued at $213,000 after purchasing an additional 1,716 shares during the last quarter. Squarepoint Ops LLC raised its position in Jagged Peak Energy by 7.8% in the 4th quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock valued at $238,000 after purchasing an additional 1,880 shares during the last quarter. Prudential Financial Inc. raised its position in Jagged Peak Energy by 14.4% in the 2nd quarter. Prudential Financial Inc. now owns 18,277 shares of the mining company’s stock valued at $151,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Holocene Advisors LP raised its position in Jagged Peak Energy by 14.9% in the 2nd quarter. Holocene Advisors LP now owns 28,682 shares of the mining company’s stock valued at $237,000 after purchasing an additional 3,730 shares during the last quarter. Hedge funds and other institutional investors own 28.57% 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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