Jagged Peak Energy Inc (NYSE:JAG) Has Decline in Shorts

The stock of Jagged Peak Energy Inc (NYSE:JAG) registered a decrease of 4.08% in short interest. JAG’s total short interest was 13.49 million shares in October as published by FINRA. Its down 4.08% from 14.06 million shares, reported previously. With 1.28 million shares average volume, it will take short sellers 11 days to cover their JAG’s short positions. The short interest to Jagged Peak Energy Inc’s float is 23.47%.

The stock increased 2.56% or $0.17 during the last trading session, reaching $6.82. About 1.36 million shares traded. Jagged Peak Energy Inc. (NYSE:JAG) has declined 48.85% since October 12, 2018 and is downtrending. It has underperformed by 48.85% the S&P500.

Jagged Peak Energy Inc., an independent oil and natural gas company, focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. The company has market cap of $1.46 billion. As of December 31, 2016, it held a 92% average working interest in approximately 66,393 net acres; and had 37,695 thousand barrel of oil equivalent of estimated net proved reserves, as well as owned a 98% average working interest in 49 net productive wells. It has a 13.64 P/E ratio.

Jagged Peak Energy Inc. (NYSE:JAG) Ratings Coverage

Among 5 analysts covering Jagged Peak Energy Inc. Common Stock (NYSE:JAG), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Jagged Peak Energy Inc. Common Stock has $1100 highest and $800 lowest target. $9.80’s average target is 43.70% above currents $6.82 stock price. Jagged Peak Energy Inc. Common Stock had 8 analyst reports since July 8, 2019 according to SRatingsIntel. On Monday, September 23 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Overweight” rating on Monday, September 16 by KeyBanc Capital Markets. Barclays Capital maintained Jagged Peak Energy Inc. (NYSE:JAG) rating on Friday, August 30. Barclays Capital has “Equal-Weight” rating and $800 target. Imperial Capital downgraded Jagged Peak Energy Inc. (NYSE:JAG) on Wednesday, July 17 to “In-Line” rating.

More notable recent Jagged Peak Energy Inc. (NYSE:JAG) news were published by: Schaeffersresearch.com which released: “Why these 2 Small-Cap Stocks are Rallying – Schaeffers Research” on September 24, 2019, also Seekingalpha.com with their article: “Jagged Peak Energy Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on August 09, 2019, Fool.com published: “Jagged Peak Energy Inc. (JAG) Q1 2019 Earnings Call Transcript – Motley Fool” on May 10, 2019. More interesting news about Jagged Peak Energy Inc. (NYSE:JAG) were released by: Seekingalpha.com and their article: “Fresh Del Monte, Jagged Peak joining SmallCap 600 – Seeking Alpha” published on September 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Jagged Peak Energy (NYSE:JAG) Takes On Some Risk With Its Use Of Debt – Yahoo Finance” with publication date: August 13, 2019.

Jagged Peak Energy Inc. (NYSE:JAG) Ratings Chart

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