Jagged Peak Energy Inc. (NYSE:JAG) Expected to Post Quarterly Sales of $56.92 Million
Equities research analysts expect Jagged Peak Energy Inc. (NYSE:JAG) to post $56.92 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Jagged Peak Energy’s earnings, with the highest sales estimate coming in at $60.46 million and the lowest estimate coming in at $54.80 million. The business is expected to report its next quarterly earnings report on Thursday, August 10th.
On average, analysts expect that Jagged Peak Energy will report full-year sales of $56.92 million for the current year, with estimates ranging from $282.74 million to $335.53 million. For the next fiscal year, analysts expect that the firm 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 an average based on a survey of analysts that follow Jagged Peak Energy.
Several analysts have recently commented on the company. Royal Bank Of Canada set a $19.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a research note on Friday, June 2nd. Scotiabank set a $13.00 price objective on Jagged Peak Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, J P Morgan Chase & Co lowered their price objective on Jagged Peak Energy from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, May 31st. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $17.73.
Several hedge funds have recently modified their holdings of JAG. Oxford Asset Management acquired a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $1,337,000. TD Asset Management Inc. acquired a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $983,000. UBS Oconnor LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $7,634,000. Harbor Advisors LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $196,000. Finally, Spark Investment Management LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $1,427,000. 17.07% of the stock is owned by institutional investors.
Jagged Peak Energy (JAG) opened at 13.06 on Friday. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $15.08. The company’s market capitalization is $2.78 billion. The firm has a 50-day moving average price of $13.00 and a 200-day moving average price of $12.95.
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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