BMO Capital Markets Analysts Give Jagged Peak Energy Inc. (JAG) a $17.00 Price Target
Jagged Peak Energy Inc. (NYSE:JAG) has been given a $17.00 price target by research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the mining company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 18.63% from the company’s current price.
Several other research firms also recently issued reports on JAG. Wolfe Research assumed coverage on shares of Jagged Peak Energy in a report on Tuesday. They set a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Seaport Global Securities assumed coverage on shares of Jagged Peak Energy in a report on Thursday, September 28th. They set a “buy” rating and a $16.00 price objective on the stock. ValuEngine downgraded shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Bank of America Corporation assumed coverage on shares of Jagged Peak Energy in a report on Monday, October 16th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.56.
Jagged Peak Energy (NYSE JAG) opened at $14.33 on Tuesday. The company has a market cap of $3,144.99 and a price-to-earnings ratio of 77.74. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $15.21. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05.
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In related news, insider Shonn D. Stahlecker sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the completion of the sale, the insider now directly owns 372,986 shares of the company’s stock, valued at $5,609,709.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of large investors have recently modified their holdings of JAG. Vanguard Group Inc. bought a new stake in Jagged Peak Energy in the first quarter valued at approximately $31,355,000. Teachers Advisors LLC bought a new stake in Jagged Peak Energy in the first quarter valued at approximately $13,363,000. State Street Corp boosted its holdings in shares of Jagged Peak Energy by 204.8% in the second quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock valued at $17,454,000 after buying an additional 878,710 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Jagged Peak Energy by 60.2% in the second quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock valued at $20,008,000 after buying an additional 563,031 shares during the period. Finally, FMR LLC acquired a new position in shares of Jagged Peak Energy in the second quarter valued at approximately $5,140,000. 17.28% of the stock is owned by hedge funds and other institutional investors.
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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