News coverage about Jagged Peak Energy (NYSE:JAG) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Jagged Peak Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the mining company an impact score of 46.7586668787785 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Jagged Peak Energy (NYSE:JAG) traded up $0.16 during mid-day trading on Tuesday, hitting $14.71. The stock had a trading volume of 683,675 shares, compared to its average volume of 815,841. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week high of $15.21. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3,100.00 and a price-to-earnings ratio of 76.84.
Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The company had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. The business’s quarterly revenue was up 219.3% compared to the same quarter last year. research analysts expect that Jagged Peak Energy will post 0.28 EPS for the current year.
Several brokerages have issued reports on JAG. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. BMO Capital Markets set a $18.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Wolfe Research began coverage on Jagged Peak Energy in a report on Tuesday, November 14th. They issued a “market perform” rating on the stock. Citigroup Inc. set a $19.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, Bank of America Corporation began coverage on Jagged Peak Energy in a report on Monday, October 16th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $17.56.
In other news, insider Shonn D. Stahlecker sold 100,000 shares of the firm’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 owns 372,986 shares in the company, valued at $5,609,709.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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