Shares of Jagged Peak Energy Inc (NYSE:JAG) have been given a consensus rating of “Buy” by the twenty-two analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.61.
Several research analysts have issued reports on the company. Seaport Global Securities assumed coverage on Jagged Peak Energy in a research report on Thursday, September 28th. They issued a “buy” rating and a $16.00 price objective for the company. Bank of America assumed coverage on Jagged Peak Energy in a research report on Monday, October 16th. They issued a “buy” rating for the company. BMO Capital Markets set a $17.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Royal Bank of Canada set a $18.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Imperial Capital assumed coverage on Jagged Peak Energy in a research report on Thursday, October 12th. They issued an “outperform” rating and a $18.00 price objective for the company.
In other news, insider Shonn D. Stahlecker sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 372,986 shares in the company, valued at $5,609,709.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joseph N. Jaggers sold 175,773 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $15.86, for a total value of $2,787,759.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 391,246 shares of company stock valued at $6,070,480.
Jagged Peak Energy (NYSE JAG) traded down $0.09 during trading on Friday, hitting $14.26. The stock had a trading volume of 1,002,935 shares, compared to its average volume of 1,339,492. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $16.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $3,020.00 and a PE ratio of -33.16.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $70.45 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 219.3% compared to the same quarter last year. sell-side analysts expect that Jagged Peak Energy will post 0.28 EPS for the current fiscal year.
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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