Jagged Peak Energy Inc. (JAG) Given New $19.00 Price Target at Citigroup Inc.
Jagged Peak Energy Inc. (NYSE:JAG) had its target price boosted by stock analysts at Citigroup Inc. from $18.00 to $19.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the mining company’s stock. Citigroup Inc.’s target price indicates a potential upside of 55.99% from the company’s previous close.
JAG has been the subject of several other reports. Zacks Investment Research upgraded shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. BMO Capital Markets set a $18.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Saturday. Royal Bank Of Canada set a $19.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $19.00 price target on shares of Jagged Peak Energy in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Jagged Peak Energy has an average rating of “Buy” and an average price target of $17.88.
Jagged Peak Energy (NYSE JAG) traded down 1.48% during trading on Tuesday, reaching $12.00. 42,846 shares of the company were exchanged. The firm’s 50-day moving average is $13.46 and its 200 day moving average is $13.08. The company’s market capitalization is $2.56 billion. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.19.
Jagged Peak Energy (NYSE:JAG) last announced its earnings results on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.03. The business had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. Jagged Peak Energy’s revenue for the quarter was up 175.1% compared to the same quarter last year. On average, analysts anticipate that Jagged Peak Energy will post $0.08 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in Jagged Peak Energy by 9.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after buying an additional 1,375 shares during the period. Legal & General Group Plc increased its position in shares of Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after buying an additional 2,924 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Jagged Peak Energy by 0.5% in the second quarter. Teachers Advisors LLC now owns 1,029,833 shares of the mining company’s stock valued at $13,748,000 after buying an additional 5,091 shares during the last quarter. UBS Group AG purchased a new position in shares of Jagged Peak Energy during the first quarter valued at approximately $111,000. Finally, Strs Ohio purchased a new position in shares of Jagged Peak Energy during the first quarter valued at approximately $122,000. 17.20% of the stock is currently owned by hedge funds and other institutional investors.
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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