$0.07 EPS Expected for Jagged Peak Energy Inc (JAG) This Quarter
Analysts predict that Jagged Peak Energy Inc (NYSE:JAG) will report earnings of $0.07 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Jagged Peak Energy’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.08. The business is expected to issue its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Jagged Peak Energy will report full-year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.24 to $0.30. For the next financial year, analysts forecast that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.43 to $0.64. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Jagged Peak Energy had a net margin of 30.92% and a return on equity of 9.89%. The business had revenue of $53.10 million during the quarter, compared to the consensus estimate of $55.12 million. The firm’s revenue for the quarter was up 175.1% compared to the same quarter last year.
JAG has been the topic of a number of recent research reports. Citigroup Inc. set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, August 15th. BMO Capital Markets raised shares of Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Royal Bank Of Canada set a $17.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Bank of America Corporation initiated coverage on shares of Jagged Peak Energy in a research report on Monday, October 16th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.61.
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Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of 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 valued at $102,000 after buying an additional 2,924 shares during the period. UBS Group AG purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $111,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Jagged Peak Energy during the second quarter valued at $153,000. Bank of America Corp DE purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $206,000. Finally, Voya Investment Management LLC purchased a new position in shares of Jagged Peak Energy during the second quarter valued at $222,000. Hedge funds and other institutional investors own 17.17% 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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