Jagged Peak Energy Inc. (NYSE:JAG) has been given a $18.00 target price by equities research analysts at BMO Capital Markets in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the mining company’s stock. BMO Capital Markets’ price objective points to a potential upside of 30.91% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Scotiabank set a $13.00 target price on shares of Jagged Peak Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Citigroup Inc. dropped their target price on shares of Jagged Peak Energy from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Seaport Global Securities assumed coverage on shares of Jagged Peak Energy in a research report on Thursday, September 28th. They set a “buy” rating and a $16.00 target price on the stock. Finally, KLR Group assumed coverage on shares of Jagged Peak Energy in a research report on Monday, June 19th. They set a “buy” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Jagged Peak Energy has an average rating of “Buy” and a consensus price target of $17.59.

Shares of Jagged Peak Energy (NYSE:JAG) opened at 13.75 on Tuesday. The stock’s 50 day moving average is $13.20 and its 200 day moving average is $13.20. The company’s market cap is $2.93 billion. Jagged Peak Energy has a 12 month low of $11.71 and a 12 month high of $15.08.

Jagged Peak Energy (NYSE:JAG) last released its earnings results on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The business’s quarterly revenue was up 175.1% on a year-over-year basis. On average, analysts anticipate that Jagged Peak Energy will post $0.08 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new position in Jagged Peak Energy during the first quarter worth $757,000. Marshall Wace North America L.P. acquired a new position in Jagged Peak Energy during the first quarter worth $1,040,000. UBS Oconnor LLC acquired a new position in Jagged Peak Energy during the first quarter worth $7,634,000. Harbor Advisors LLC acquired a new position in Jagged Peak Energy during the first quarter worth $196,000. Finally, TIAA CREF Investment Management LLC raised its holdings in Jagged Peak Energy by 3.3% during the second quarter. TIAA CREF Investment Management LLC now owns 890,684 shares of the mining company’s stock worth $11,891,000 after buying an additional 28,761 shares during the last quarter. Hedge funds and other institutional investors own 17.10% of the company’s stock.

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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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