Jagged Peak Energy Inc. to Post Q3 2017 Earnings of $0.07 Per Share, Jefferies Group Forecasts (JAG)
Jagged Peak Energy Inc. (NYSE:JAG) – Equities researchers at Jefferies Group issued their Q3 2017 EPS estimates for shares of Jagged Peak Energy in a research report issued on Monday. Jefferies Group analyst M. Lear expects that the mining company will post earnings of $0.07 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for Jagged Peak Energy’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.25 EPS and FY2019 earnings at $0.97 EPS.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $53.10 million during the quarter, compared to analysts’ expectations of $55.12 million. Jagged Peak Energy’s quarterly revenue was up 175.1% compared to the same quarter last year.
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A number of other equities analysts have also recently weighed in on JAG. KLR Group initiated coverage on Jagged Peak Energy in a report on Monday, June 19th. They issued a “buy” rating and a $21.00 price target for the company. BMO Capital Markets set a $14.00 price target on Jagged Peak Energy and gave the stock a “hold” rating in a report on Monday, June 26th. Scotiabank set a $13.00 price target on Jagged Peak Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research cut Jagged Peak Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. cut their price target on Jagged Peak Energy from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Jagged Peak Energy currently has an average rating of “Buy” and an average target price of $17.59.
Jagged Peak Energy (JAG) opened at 13.96 on Thursday. The firm’s market capitalization is $2.97 billion. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $15.19. The company has a 50-day moving average price of $13.23 and a 200 day moving average price of $13.23.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in 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 purchasing an additional 2,924 shares during the last quarter. UBS Group AG acquired a new position in Jagged Peak Energy in the first quarter valued at $111,000. Dynamic Technology Lab Private Ltd acquired a new position in Jagged Peak Energy in the second quarter valued at $153,000. Harbor Advisors LLC acquired a new position in Jagged Peak Energy in the first quarter valued at $196,000. Finally, Bank of America Corp DE acquired a new position in Jagged Peak Energy in the first quarter valued at $206,000. Hedge funds and other institutional investors own 17.10% of the company’s stock.
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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