Jagged Peak Energy Inc (NYSE:JAG) gapped up prior to trading on Tuesday . The stock had previously closed at $8.21, but opened at $8.53. Jagged Peak Energy shares last traded at $8.28, with a volume of 81,473 shares.

A number of equities analysts recently weighed in on the company. Barclays reduced their price target on Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Bank of America lowered Jagged Peak Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, September 10th. Nomura started coverage on Jagged Peak Energy in a research report on Tuesday, July 9th. They issued an “overweight” rating for the company. Williams Capital restated a “buy” rating and set a $11.00 price target on shares of Jagged Peak Energy in a research report on Thursday, August 22nd. Finally, ValuEngine upgraded Jagged Peak Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.92.

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 has a market capitalization of $1.60 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 10.71 and a beta of 1.08. The stock has a 50 day simple moving average of $6.89 and a two-hundred day simple moving average of $8.86.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.36%. The business had revenue of $146.80 million during the quarter, compared to analyst estimates of $143.30 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts predict that Jagged Peak Energy Inc will post 0.51 EPS for the current year.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $6.69, for a total value of $53,520.00. Following the sale, the insider now directly owns 452,120 shares in the company, valued at $3,024,682.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in shares of Jagged Peak Energy by 6.8% during the second quarter. Parametric Portfolio Associates LLC now owns 25,352 shares of the mining company’s stock worth $210,000 after buying an additional 1,624 shares during the last quarter. Prudential Financial Inc. boosted its holdings 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 in the last quarter. Holocene Advisors LP boosted its holdings 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 in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Jagged Peak Energy by 25.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,733 shares of the mining company’s stock valued at $259,000 after purchasing an additional 4,993 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Jagged Peak Energy by 1,314.3% in the 2nd quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock valued at $45,000 after purchasing an additional 5,152 shares in the last quarter. 29.62% of the stock is currently owned by institutional investors.

Jagged Peak Energy Company Profile (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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