Jagged Peak Energy Sees Unusually High Options Volume (NYSE:JAG)

Jagged Peak Energy Inc (NYSE:JAG) was the target of unusually large options trading on Wednesday. Investors purchased 3,418 call options on the stock. This is an increase of 829% compared to the typical daily volume of 368 call options.

Shares of JAG opened at $14.64 on Thursday. The company has a market cap of $3,064.07, a P/E ratio of 56.31 and a beta of -1.13. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $16.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.35 and a current ratio of 0.35.

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Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Thursday, March 22nd. The mining company reported $0.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.09. Jagged Peak Energy had a positive return on equity of 8.28% and a negative net margin of 135.25%. The business had revenue of $104.40 million for the quarter, compared to the consensus estimate of $100.42 million. During the same quarter in the previous year, the company posted $0.02 EPS. The company’s revenue was up 319.3% compared to the same quarter last year. equities analysts expect that Jagged Peak Energy will post 0.52 EPS for the current year.



Several research firms have recently commented on JAG. Zacks Investment Research downgraded Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Stifel Nicolaus set a $19.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Citigroup decreased their price objective on Jagged Peak Energy from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. KeyCorp decreased their target price on Jagged Peak Energy from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, March 22nd. Finally, Bank of America decreased their target price on Jagged Peak Energy from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Jagged Peak Energy currently has an average rating of “Hold” and a consensus target price of $16.61.

In other news, EVP Mark R. Petry sold 148,941 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $12.79, for a total value of $1,904,955.39. Following the transaction, the executive vice president now owns 1,632,501 shares of the company’s stock, valued at $20,879,687.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark R. Petry sold 444,067 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $12.47, for a total value of $5,537,515.49. Following the completion of the transaction, the executive vice president now directly owns 1,632,501 shares in the company, valued at approximately $20,357,287.47. The disclosure for this sale can be found here. Insiders sold 612,016 shares of company stock worth $7,688,993 over the last three months.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Jagged Peak Energy by 96.8% in the 3rd quarter. Legal & General Group Plc now owns 15,156 shares of the mining company’s stock worth $207,000 after acquiring an additional 7,454 shares during the last quarter. Jane Street Group LLC bought a new stake in Jagged Peak Energy in the 4th quarter worth approximately $161,000. Nationwide Fund Advisors increased its stake in Jagged Peak Energy by 57.2% in the 3rd quarter. Nationwide Fund Advisors now owns 29,570 shares of the mining company’s stock worth $404,000 after acquiring an additional 10,761 shares during the last quarter. TD Asset Management Inc. increased its stake in Jagged Peak Energy by 33.9% in the 3rd quarter. TD Asset Management Inc. now owns 43,800 shares of the mining company’s stock worth $598,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Jagged Peak Energy in the 4th quarter worth approximately $186,000. 23.91% of the stock is currently owned by institutional investors and hedge funds.

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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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