Stock analysts at Credit Suisse Group started coverage on shares of Jagged Peak Energy (NYSE:JAG) in a note issued to investors on Monday. The brokerage set a “neutral” rating and a $16.00 price target on the mining company’s stock. Credit Suisse Group’s target price suggests a potential upside of 10.34% from the stock’s current price.

Several other brokerages have also commented on JAG. Scotiabank set a $16.00 price objective on shares of Jagged Peak Energy and gave the stock a “hold” rating in a report on Wednesday, November 22nd. Citigroup set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, August 15th. Royal Bank of Canada reiterated a “buy” rating and set a $17.00 target price on shares of Jagged Peak Energy in a report on Friday, November 3rd. Wolfe Research started coverage on shares of Jagged Peak Energy in a report on Tuesday, November 14th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. Jagged Peak Energy has a consensus rating of “Buy” and a consensus price target of $17.56.

Shares of Jagged Peak Energy (JAG) traded up $0.31 during mid-day trading on Monday, hitting $14.50. 494,700 shares of the stock traded hands, compared to its average volume of 811,416. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.52. The firm has a market cap of $3,021.49 and a price-to-earnings ratio of 74.68.

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

In other Jagged Peak Energy news, CEO Joseph N. Jaggers sold 6,656 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $15.25, for a total value of $101,504.00. Following the sale, the chief executive officer now directly owns 5,123,908 shares of the company’s stock, valued at approximately $78,139,597. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph N. Jaggers sold 58,844 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $15.28, for a total transaction of $899,136.32. Following the completion of the sale, the chief executive officer now directly owns 5,043,681 shares in the company, valued at $77,067,445.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,500 shares of company stock worth $2,504,640.

Several large investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its position in shares of Jagged Peak Energy by 9.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after purchasing an additional 1,375 shares during the last quarter. Legal & General Group Plc increased its position in shares of Jagged Peak Energy by 61.2% in the 2nd 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. Teachers Advisors LLC increased its position in shares of Jagged Peak Energy by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,029,833 shares of the mining company’s stock valued at $13,748,000 after purchasing an additional 5,091 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Jagged Peak Energy by 57.2% in the 3rd quarter. Nationwide Fund Advisors now owns 29,570 shares of the mining company’s stock valued at $404,000 after purchasing an additional 10,761 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Jagged Peak Energy by 33.9% in the 3rd quarter. TD Asset Management Inc. now owns 43,800 shares of the mining company’s stock valued at $598,000 after purchasing an additional 11,100 shares during the last quarter. 21.26% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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