Jagged Peak Energy Target of Unusually High Options Trading (JAG)

Jagged Peak Energy Inc (NYSE:JAG) was the recipient of some unusual options trading on Monday. Investors bought 4,422 call options on the stock. This represents an increase of approximately 2,647% compared to the typical daily volume of 161 call options.

Jagged Peak Energy (NYSE JAG) traded up $0.39 during trading on Friday, hitting $11.87. The stock had a trading volume of 1,929,907 shares, compared to its average volume of 1,381,789. The stock has a market capitalization of $2,527.49 and a PE ratio of 62.47. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $16.55. 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 posted its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business 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%. Jagged Peak Energy’s revenue for the quarter was up 219.3% compared to the same quarter last year. equities analysts forecast that Jagged Peak Energy will post 0.22 EPS for the current fiscal year.

JAG has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $17.00 price target on shares of Jagged Peak Energy in a research note on Friday, November 3rd. Scotiabank set a $16.00 target price on Jagged Peak Energy and gave the stock a “hold” rating in a report on Wednesday, November 22nd. Stifel Nicolaus set a $16.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Tudor Pickering downgraded Jagged Peak Energy from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, BMO Capital Markets set a $17.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. Jagged Peak Energy has an average rating of “Buy” and an average price target of $17.67.

In other Jagged Peak Energy news, CEO Joseph N. Jaggers sold 6,656 shares of Jagged Peak Energy stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $15.25, for a total value of $101,504.00. Following the transaction, the chief executive officer now owns 5,123,908 shares in the company, valued at $78,139,597. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph N. Jaggers sold 58,844 shares of Jagged Peak Energy stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $15.28, for a total value of $899,136.32. Following the completion of the transaction, the chief executive officer now owns 5,043,681 shares in the company, valued at approximately $77,067,445.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 884,254 shares of company stock worth $12,008,951.

Several institutional investors have recently bought and sold shares of JAG. Citadel Advisors LLC increased its position in shares of Jagged Peak Energy by 119.5% during the fourth quarter. Citadel Advisors LLC now owns 1,305,196 shares of the mining company’s stock worth $20,596,000 after purchasing an additional 710,624 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Jagged Peak Energy during the fourth quarter worth approximately $223,000. Bank of New York Mellon Corp increased its position in shares of Jagged Peak Energy by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 242,595 shares of the mining company’s stock worth $3,829,000 after purchasing an additional 25,907 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Jagged Peak Energy by 34.0% during the fourth quarter. Wells Fargo & Company MN now owns 102,077 shares of the mining company’s stock worth $1,611,000 after purchasing an additional 25,889 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Jagged Peak Energy during the fourth quarter worth approximately $2,846,000. Institutional investors and hedge funds own 21.38% of the company’s stock.

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Jagged Peak Energy Company Profile

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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