Jagged Peak Energy Inc (NYSE:JAG) has received an average rating of “Buy” from the twenty-three research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.65.
A number of analysts have recently weighed in on the company. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. 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. 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. Wolfe Research began coverage on Jagged Peak Energy in a research report on Tuesday, November 14th. They issued a “market perform” rating for the company. Finally, Scotiabank set a $16.00 price objective on Jagged Peak Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd.
Shares of Jagged Peak Energy (NYSE JAG) traded down $0.28 during trading hours on Tuesday, hitting $12.08. The stock had a trading volume of 1,010,011 shares, compared to its average volume of 1,400,571. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week high of $16.55. The firm has a market capitalization of $2,580.00 and a price-to-earnings ratio of -28.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38.
Several institutional investors have recently bought and sold shares of JAG. State Street Corp grew its position in shares of Jagged Peak Energy by 204.8% during the 2nd quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock worth $17,454,000 after buying an additional 878,710 shares during the period. Citadel Advisors LLC grew its position in shares of Jagged Peak Energy by 119.5% during the 4th quarter. Citadel Advisors LLC now owns 1,305,196 shares of the mining company’s stock worth $20,596,000 after buying an additional 710,624 shares during the period. FMR LLC acquired a new position in shares of Jagged Peak Energy during the 2nd quarter worth about $5,140,000. Creative Planning acquired a new position in shares of Jagged Peak Energy during the 4th quarter worth about $5,270,000. Finally, Essex Investment Management Co. LLC grew its position in shares of Jagged Peak Energy by 1,273.1% during the 4th quarter. Essex Investment Management Co. LLC now owns 327,626 shares of the mining company’s stock worth $5,170,000 after buying an additional 303,765 shares during the period. Institutional investors own 21.27% of the company’s stock.
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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