Jagged Peak Energy Inc. (JAG) to Post Q3 2017 Earnings of $0.08 Per Share, KeyCorp Forecasts
Jagged Peak Energy Inc. (NYSE:JAG) – KeyCorp lifted their Q3 2017 EPS estimates for shares of Jagged Peak Energy in a report issued on Wednesday. KeyCorp analyst C. Stevens now expects that the mining company will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.07. KeyCorp also issued estimates for Jagged Peak Energy’s FY2017 earnings at $0.29 EPS.
A number of other equities analysts have also recently commented on JAG. BMO Capital Markets set a $14.00 target price on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Monday, June 26th. Scotiabank set a $13.00 target price on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research cut shares of Jagged Peak Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. cut their price target on shares of Jagged Peak Energy from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Finally, Royal Bank Of Canada set a $17.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.61.
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Shares of Jagged Peak Energy (NYSE:JAG) opened at 13.68 on Monday. The company’s market cap is $2.91 billion. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week high of $15.19. The company has a 50 day moving average of $13.25 and a 200 day moving average of $12.93.
Jagged Peak Energy (NYSE:JAG) last issued 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 for the quarter, compared to the consensus estimate of $55.12 million. The company’s revenue was up 175.1% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Jagged Peak Energy by 61.2% during the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock worth $102,000 after acquiring an additional 2,924 shares in the last quarter. UBS Group AG bought a new stake in Jagged Peak Energy during the first quarter worth about $111,000. Dynamic Technology Lab Private Ltd bought a new stake in Jagged Peak Energy during the second quarter worth about $153,000. Bank of America Corp DE bought a new stake in Jagged Peak Energy during the first quarter worth about $206,000. Finally, Voya Investment Management LLC bought a new stake in Jagged Peak Energy during the second quarter worth about $222,000. 17.10% of the stock is currently owned by institutional investors and hedge funds.
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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