Jagged Peak Energy Inc. (NYSE:JAG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Jagged Peak Energy Inc. is an oil and natural gas company. It focused 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. Jagged Peak Energy Inc. is based in Denver, United States. “

A number of other research analysts have also commented on the stock. KLR Group began coverage on shares of Jagged Peak Energy in a research note on Monday. They issued a “buy” rating and a $21.00 price target on the stock. Royal Bank Of Canada set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Credit Suisse Group restated an “outperform” rating and set a $19.00 target price on shares of Jagged Peak Energy in a research report on Friday, June 2nd. J P Morgan Chase & Co decreased their target price on shares of Jagged Peak Energy from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 31st. Finally, BMO Capital Markets set a $15.00 target price on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Jagged Peak Energy currently has an average rating of “Buy” and an average price target of $18.14.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

Shares of Jagged Peak Energy (NYSE:JAG) traded down 0.67% during midday trading on Thursday, hitting $11.93. The stock had a trading volume of 632,831 shares. The company’s 50 day moving average price is $12.80 and its 200-day moving average price is $12.98. The firm’s market capitalization is $2.54 billion. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $15.08.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners acquired a new position in shares of Jagged Peak Energy during the first quarter worth about $75,074,000. Vanguard Group Inc. acquired a new position in shares of Jagged Peak Energy during the first quarter worth about $31,355,000. Goldman Sachs Group Inc. acquired a new position in shares of Jagged Peak Energy during the first quarter worth about $27,203,000. Teachers Advisors LLC acquired a new position in shares of Jagged Peak Energy during the first quarter worth about $13,363,000. Finally, Citadel Advisors LLC acquired a new position in shares of Jagged Peak Energy during the first quarter worth about $12,202,000. Hedge funds and other institutional investors own 17.07% of the company’s stock.

About Jagged Peak Energy

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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