Jagged Peak Energy Inc (NYSE:JAG) EVP Mark R. Petry sold 148,941 shares of the business’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 completion of the sale, the executive vice president now directly owns 1,632,501 shares of the company’s stock, valued at approximately $20,879,687.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jagged Peak Energy Inc (NYSE:JAG) traded down $0.35 during mid-day trading on Thursday, reaching $12.57. The company’s stock had a trading volume of 333,914 shares, compared to its average volume of 1,365,852. The company has a market cap of $2,572.20 and a PE ratio of 63.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38. Jagged Peak Energy Inc has a 52-week low of $10.96 and a 52-week high of $16.55.
Several equities analysts recently issued reports on JAG shares. Scotiabank set a $16.00 price target on Jagged Peak Energy and gave the company a “hold” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of Jagged Peak Energy in a research note on Friday, November 3rd. Wolfe Research began coverage on Jagged Peak Energy in a research note on Tuesday, November 14th. They issued a “market perform” rating on the stock. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group began coverage on Jagged Peak Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.53.
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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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