Brokerages expect Jagged Peak Energy Inc. (NYSE:JAG) to report $56.92 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jagged Peak Energy’s earnings. The highest sales estimate is $60.46 million and the lowest is $54.80 million. The company is scheduled to announce its next quarterly earnings results on Thursday, August 10th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year sales of $56.92 million for the current fiscal year, with estimates ranging from $282.74 million to $335.53 million. For the next fiscal year, analysts forecast that the company will post sales of $646.71 million per share, with estimates ranging from $567.63 million to $747.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Jagged Peak Energy.

Several research analysts recently weighed in on the company. Royal Bank Of Canada set a $19.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets began coverage on Jagged Peak Energy in a research report on Tuesday, February 21st. They issued a “market perform” rating and a $17.00 price target for the company. KeyCorp began coverage on Jagged Peak Energy in a research report on Tuesday, February 21st. They issued an “overweight” rating and a $18.00 price target for the company. They noted that the move was a valuation call. Citigroup Inc. began coverage on Jagged Peak Energy in a research report on Wednesday, February 22nd. They issued a “buy” rating and a $19.00 price target for the company. Finally, J P Morgan Chase & Co began coverage on Jagged Peak Energy in a research report on Tuesday, February 21st. They issued an “overweight” rating and a $23.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.17.

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Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG bought a new position in Jagged Peak Energy during the first quarter worth $111,000. Strs Ohio acquired a new stake in shares of Jagged Peak Energy during the first quarter valued at about $122,000. Harbor Advisors LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter valued at about $196,000. Bank of America Corp DE acquired a new stake in shares of Jagged Peak Energy during the first quarter valued at about $206,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Jagged Peak Energy during the first quarter valued at about $242,000. Institutional investors and hedge funds own 17.07% of the company’s stock.

Shares of Jagged Peak Energy (NYSE JAG) opened at 13.19 on Thursday. The stock’s market capitalization is $2.81 billion. The company has a 50 day moving average of $12.63 and a 200 day moving average of $12.98. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.08.

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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