Jagged Peak Energy Inc. (JAG) Short Interest Update

Jagged Peak Energy Inc. (NYSE:JAG) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 6,824,698 shares, an increase of 73.1% from the June 15th total of 3,943,096 shares. Currently, 13.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 923,763 shares, the short-interest ratio is currently 7.4 days.

Shares of Jagged Peak Energy (JAG) traded up 2.20% on Friday, reaching $12.10. 696,651 shares of the company’s stock traded hands. The firm’s market cap is $2.58 billion. The company’s 50-day moving average price is $13.37 and its 200 day moving average price is $13.03. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.19.

Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. The business’s revenue was up 175.1% compared to the same quarter last year. On average, equities analysts forecast that Jagged Peak Energy will post $0.08 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after buying an additional 2,924 shares during the period. UBS Group AG bought a new stake in Jagged Peak Energy during the first quarter valued at $111,000. Strs Ohio bought a new stake in Jagged Peak Energy during the first quarter valued at $122,000. Dynamic Technology Lab Private Ltd bought a new stake in Jagged Peak Energy during the second quarter valued at $153,000. Finally, Harbor Advisors LLC bought a new stake in Jagged Peak Energy during the first quarter valued at $196,000. Hedge funds and other institutional investors own 17.20% of the company’s stock.

JAG has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, June 20th. KLR Group initiated coverage on shares of Jagged Peak Energy in a research report on Monday, June 19th. They issued a “buy” rating and a $21.00 price target for the company. Royal Bank Of Canada set a $19.00 price target on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Saturday, June 3rd. Citigroup Inc. dropped their price target on shares of Jagged Peak Energy from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. Finally, BMO Capital Markets set a $18.00 price target on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $17.88.

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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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