Equities research analysts expect Jagged Peak Energy Inc. (NYSE:JAG) to post earnings of $0.10 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Jagged Peak Energy’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.05. Jagged Peak Energy reported earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The business is expected to announce its next earnings results on Thursday, March 22nd.
According to Zacks, analysts expect that Jagged Peak Energy will report full-year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.33. For the next financial year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.30 to $0.95. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $70.45 million during the quarter, compared to the consensus estimate of $72.50 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The firm’s revenue for the quarter was up 219.3% on a year-over-year basis.
Jagged Peak Energy (NYSE JAG) opened at $14.19 on Friday. The company has a market cap of $3,021.49 and a P/E ratio of 74.68. Jagged Peak Energy has a fifty-two week low of $10.96 and a fifty-two week high of $15.52. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05.
In other Jagged Peak Energy news, CEO Joseph N. Jaggers sold 58,844 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $15.28, for a total value of $899,136.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shonn D. Stahlecker sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares in the company, valued at $5,609,709.44. The disclosure for this sale can be found here. Insiders sold a total of 165,500 shares of company stock worth $2,504,640 over the last quarter.
A number of hedge funds and other institutional investors have recently bought and sold shares of JAG. Swiss National Bank purchased a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at $710,000. Schwab Charles Investment Management Inc. raised its position in shares of Jagged Peak Energy by 88.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after buying an additional 53,684 shares in the last quarter. Strs Ohio raised its position in shares of Jagged Peak Energy by 560.6% during the 3rd quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after buying an additional 52,700 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Jagged Peak Energy by 177.0% during the 2nd quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock valued at $251,000 after buying an additional 12,018 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in shares of Jagged Peak Energy by 106.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 165,007 shares of the mining company’s stock valued at $2,145,000 after buying an additional 85,008 shares in the last quarter. Institutional investors and hedge funds own 21.26% of the company’s stock.
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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