Wall Street analysts expect that Jagged Peak Energy Inc (NYSE:JAG) will post sales of $56.68 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jagged Peak Energy’s earnings, with the highest sales estimate coming in at $60.5 million and the lowest estimate coming in at $52.5 million. The firm is expected to issue its next earnings report on Thursday, August 10th.

According to Zacks, analysts expect that Jagged Peak Energy will report full year sales of $56.68 million for the current year, with estimates ranging from $281.97 million to $316.1 million. For the next fiscal year, analysts anticipate that the company will post sales of $639.9 million per share, with estimates ranging from $576.09 million to $747.6 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Jagged Peak Energy.

JAG has been the subject of several recent research reports. Wells Fargo & Co began coverage on Jagged Peak Energy in a research report on Tuesday, February 21st. They set an “outperform” rating and a $23.00 price target for the company. Stifel Nicolaus began coverage on Jagged Peak Energy in a research report on Wednesday, March 15th. They issued a “buy” rating and a $15.00 price objective for the company. Credit Suisse Group AG began coverage on Jagged Peak Energy in a research report on Tuesday, February 21st. They issued an “outperform” rating and a $20.00 price objective for the company. Howard Weil began coverage on Jagged Peak Energy in a research report on Wednesday, March 8th. They issued a “sector perform” rating and a $17.00 price objective for the company. Finally, Royal Bank of Canada began coverage on Jagged Peak Energy in a research report on Tuesday, February 21st. They issued an “outperform” rating and a $20.00 price objective for the company. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Jagged Peak Energy has a consensus rating of “Buy” and a consensus target price of $18.75.

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Jagged Peak Energy (NYSE:JAG) traded up 1.68% on Friday, reaching $13.28. The company’s stock had a trading volume of 557,016 shares. The company’s market capitalization is $2.83 billion. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $15.08. The firm has a 50-day moving average of $12.27 and a 200 day moving average of $12.92.

Several hedge funds have recently bought and sold shares of the stock. UBS Group AG acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $111,000. Strs Ohio acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $122,000. Harbor Advisors LLC acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $196,000. Bank of America Corp DE acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $206,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $242,000.

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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