Jagged Peak Energy Inc (JAG) Given Average Recommendation of “Buy” by Analysts

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.

Several hedge funds have recently made changes to their positions in JAG. Legal & General Group Plc increased its position in shares of Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after buying an additional 2,924 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Jagged Peak Energy in the second quarter valued at $153,000. Trexquant Investment LP purchased a new position in shares of Jagged Peak Energy in the third quarter valued at $205,000. Voya Investment Management LLC purchased a new position in shares of Jagged Peak Energy in the second quarter valued at $222,000. Finally, Nationwide Fund Advisors increased its position in shares of Jagged Peak Energy by 177.0% in the second 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 in the last quarter. Institutional investors and hedge funds own 21.26% of the company’s stock.

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.

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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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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