Jagged Peak Energy Inc. (NYSE:JAG) – Analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for Jagged Peak Energy in a research note issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the mining company will earn $0.28 per share for the year, up from their prior estimate of $0.27. KeyCorp also issued estimates for Jagged Peak Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.72 EPS.

Jagged Peak Energy (NYSE:JAG) last released its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, hitting the Zacks’ 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 business had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. The firm’s revenue for the quarter was up 219.3% compared to the same quarter last year.

A number of other research firms have also weighed in on JAG. Royal Bank of Canada reissued a “buy” rating and issued a $17.00 target price on shares of Jagged Peak Energy in a research note on Friday, November 3rd. Wolfe Research assumed coverage on shares of Jagged Peak Energy in a research note on Tuesday, November 14th. They issued a “market perform” rating on the stock. BMO Capital Markets set a $17.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Scotiabank set a $16.00 target price on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research note on Wednesday, November 22nd. Finally, Credit Suisse Group assumed coverage on shares of Jagged Peak Energy in a research note on Monday. They issued a “neutral” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $17.56.

Jagged Peak Energy (JAG) opened at $14.28 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a 12 month low of $10.96 and a 12 month high of $15.52. The firm has a market cap of $3,115.18 and a P/E ratio of 77.00.

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

A number of institutional investors have recently bought and sold shares of JAG. Swiss National Bank purchased a new position in Jagged Peak Energy in the 2nd quarter valued at approximately $710,000. Schwab Charles Investment Management Inc. boosted its position in Jagged Peak Energy by 88.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after buying an additional 53,684 shares during the period. Strs Ohio boosted its position in Jagged Peak Energy by 560.6% in the 3rd quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after buying an additional 52,700 shares during the period. Nationwide Fund Advisors boosted its position in Jagged Peak Energy by 177.0% in the 2nd quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock valued at $251,000 after buying an additional 12,018 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in Jagged Peak Energy by 106.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 165,007 shares of the mining company’s stock valued at $2,145,000 after buying an additional 85,008 shares during the period. Hedge funds and other institutional investors own 21.26% of the company’s stock.

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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.

Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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