Equities research analysts at Wolfe Research started coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a research note issued on Tuesday, The Fly reports. The firm set a “market perform” rating on the mining company’s stock.

A number of other research firms also recently issued reports on JAG. Citigroup Inc. set a $19.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price target on shares of Jagged Peak Energy in a research note on Friday, November 3rd. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Bank of America Corporation started coverage on Jagged Peak Energy in a research note on Monday, October 16th. They set a “buy” rating on the stock. Finally, Imperial Capital started coverage on Jagged Peak Energy in a research report on Thursday, October 12th. They set an “outperform” rating and a $18.00 price objective for the company. One research 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’s stock. The company has a consensus rating of “Buy” and an average price target of $17.61.

Jagged Peak Energy (NYSE JAG) traded down $0.16 on Tuesday, hitting $14.77. The stock had a trading volume of 756,400 shares, compared to its average volume of 816,872. The stock has a market cap of $3,179.06 and a P/E ratio of 78.58. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a fifty-two week low of $10.96 and a fifty-two week high of $15.21.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $70.45 million for the quarter, compared to the consensus estimate of $72.50 million. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The company’s quarterly revenue was up 219.3% compared to the same quarter last year. analysts forecast that Jagged Peak Energy will post 0.28 EPS for the current year.

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In other news, insider Shonn D. Stahlecker sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $15.04, for a total value 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 approximately $5,609,709.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Jagged Peak Energy by 1.4% in the 3rd quarter. Boston Partners now owns 6,219,011 shares of the mining company’s stock valued at $84,951,000 after buying an additional 82,978 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Jagged Peak Energy by 3.9% in the 2nd quarter. Franklin Resources Inc. now owns 2,724,540 shares of the mining company’s stock valued at $36,373,000 after buying an additional 101,400 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Jagged Peak Energy by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,580,145 shares of the mining company’s stock valued at $34,445,000 after buying an additional 175,591 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Jagged Peak Energy in the 1st quarter valued at approximately $27,203,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Jagged Peak Energy by 60.2% in the 2nd 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. 17.28% of the stock is 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.

The Fly

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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