Jagged Peak Energy (JAG) Receiving Somewhat Favorable Media Coverage, Study Shows

Press coverage about Jagged Peak Energy (NYSE:JAG) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jagged Peak Energy earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the mining company an impact score of 46.4842691130975 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

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Shares of JAG stock opened at $14.28 on Monday. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week high of $16.55. The company has a market capitalization of $2,978.90, a PE ratio of 54.92 and a beta of -1.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.35.

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

JAG has been the subject of a number of analyst reports. Royal Bank of Canada set a $18.00 price objective on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Wednesday, December 20th. ValuEngine lowered shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Tudor Pickering lowered shares of Jagged Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Stifel Nicolaus set a $16.00 price objective on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Credit Suisse Group reduced their price objective on shares of Jagged Peak Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Jagged Peak Energy presently has an average rating of “Hold” and a consensus price target of $16.61.

In related news, EVP Christopher Humber sold 2,664 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $12.97, for a total value of $34,552.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert William Howard sold 5,208 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $12.97, for a total transaction of $67,547.76. The disclosure for this sale can be found here. Insiders sold 612,016 shares of company stock valued at $7,688,993 over the last quarter.

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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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