$0.07 Earnings Per Share Expected for Jagged Peak Energy Inc. (JAG) This Quarter
Equities research analysts forecast that Jagged Peak Energy Inc. (NYSE:JAG) will report $0.07 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Jagged Peak Energy’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.08. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Jagged Peak Energy will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.18 to $0.31. For the next year, analysts anticipate that the business will post earnings of $0.52 per share, with EPS estimates ranging from $0.28 to $0.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.03. The company had revenue of $53.10 million during the quarter, compared to analyst estimates of $55.12 million. The firm’s quarterly revenue was up 175.1% compared to the same quarter last year.
JAG has been the subject of several recent analyst reports. Royal Bank Of Canada set a $19.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Citigroup Inc. set a $19.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank reaffirmed a “hold” rating on shares of Jagged Peak Energy in a research note on Monday, April 24th. BMO Capital Markets raised Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research note on Wednesday, July 12th. Finally, J P Morgan Chase & Co dropped their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Jagged Peak Energy has a consensus rating of “Buy” and a consensus target price of $17.88.
Several large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in Jagged Peak Energy during the second quarter worth $153,000. The Manufacturers Life Insurance Company acquired a new position in Jagged Peak Energy during the second quarter worth approximately $340,000. BlueCrest Capital Management Ltd raised its position in Jagged Peak Energy by 131.6% in the second quarter. BlueCrest Capital Management Ltd now owns 42,937 shares of the mining company’s stock worth $573,000 after buying an additional 24,400 shares during the last quarter. State Street Corp raised its position in Jagged Peak Energy by 204.8% in the second quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock worth $17,454,000 after buying an additional 878,710 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in Jagged Peak Energy during the second quarter worth approximately $222,000. 17.20% of the stock is owned by institutional investors.
Shares of Jagged Peak Energy (JAG) traded up 2.20% during mid-day trading on Friday, hitting $12.10. The company had a trading volume of 696,651 shares. The company’s 50-day moving average is $13.37 and its 200 day moving average is $13.03. The company’s market capitalization is $2.58 billion. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.19.
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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