Time to Reconsider Jagged Peak Energy Inc (NYSE:JAG) After Less Short Sellers?

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 September as published by FINRA. Its down 4.08% from 14.06 million shares, reported previously. With 1.28M 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 0.81% or $0.06 during the last trading session, reaching $7.48. About 1.29M shares traded. Jagged Peak Energy Inc. (NYSE:JAG) has declined 48.85% since September 13, 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 $1.60 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 14.96 P/E ratio.

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

Among 4 analysts covering Jagged Peak Energy (NYSE:JAG), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Jagged Peak Energy has $15 highest and $800 lowest target. $10.75’s average target is 43.72% above currents $7.48 stock price. Jagged Peak Energy had 5 analyst reports since April 2, 2019 according to SRatingsIntel. The stock of Jagged Peak Energy Inc. (NYSE:JAG) earned “Equal-Weight” rating by Barclays Capital on Friday, August 30. Imperial Capital downgraded the stock to “In-Line” rating in Wednesday, July 17 report.

More notable recent Jagged Peak Energy Inc. (NYSE:JAG) news were published by: Seekingalpha.com which released: “Jagged Peak Energy: Valuation Becoming More Attractive Despite 2019 Cash Burn – Seeking Alpha” on July 31, 2019, also Seekingalpha.com with their article: “Jagged Peak Energy Q4 2018 Earnings Preview – Seeking Alpha” published on February 27, 2019, Finance.Yahoo.com published: “Introducing Jagged Peak Energy (NYSE:JAG), The Stock That Dropped 29% In The Last Year – Yahoo Finance” on May 03, 2019. More interesting news about Jagged Peak Energy Inc. (NYSE:JAG) were released by: Seekingalpha.com and their article: “Jagged Peak Energy (JAG) CEO Jim Kleckner on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” published on August 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Can Jagged Peak Energy Inc.’s (NYSE:JAG) ROE Continue To Surpass The Industry Average? – Yahoo Finance” with publication date: June 11, 2019.

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

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