Shares of Jagged Peak Energy Inc. (NYSE:JAG) have received an average rating of “Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.59.

A number of research analysts recently issued reports on the stock. 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 note on Tuesday. Jefferies Group LLC assumed coverage on shares of Jagged Peak Energy in a research note on Monday. They issued a “hold” rating and a $14.00 target price on the stock. Seaport Global Securities assumed coverage on shares of Jagged Peak Energy in a research note on Thursday, September 28th. They issued a “buy” rating and a $16.00 target price on 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. Finally, ValuEngine lowered shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.

Several institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at about $153,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at about $340,000. BlueCrest Capital Management Ltd boosted its position in shares of Jagged Peak Energy by 131.6% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 42,937 shares of the mining company’s stock valued at $573,000 after acquiring an additional 24,400 shares in the last quarter. State Street Corp boosted its position in shares of Jagged Peak Energy by 204.8% during the 2nd quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock valued at $17,454,000 after acquiring an additional 878,710 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at about $222,000. Institutional investors and hedge funds own 17.10% of the company’s stock.

Jagged Peak Energy (JAG) traded up 1.53% during mid-day trading on Wednesday, hitting $13.96. The stock had a trading volume of 553,889 shares. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.19. The stock’s market cap is $2.97 billion. The firm’s 50-day moving average is $13.23 and its 200 day moving average is $13.23.

Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. The company’s revenue for the quarter was up 175.1% compared to the same quarter last year. Equities research analysts expect that Jagged Peak Energy will post $0.08 EPS for the current year.

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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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