$164.00 Million in Sales Expected for Jagged Peak Energy Inc (JAG) This Quarter

Analysts expect Jagged Peak Energy Inc (NYSE:JAG) to announce $164.00 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Jagged Peak Energy’s earnings. The highest sales estimate is $174.80 million and the lowest is $152.50 million. Jagged Peak Energy reported sales of $104.42 million during the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The company is scheduled to report its next quarterly earnings report on Thursday, March 28th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year sales of $590.36 million for the current fiscal year, with estimates ranging from $557.00 million to $625.20 million. For the next financial year, analysts anticipate that the firm will report sales of $738.91 million, with estimates ranging from $699.00 million to $812.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Thursday, November 8th. The mining company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $144.71 million. Jagged Peak Energy had a net margin of 0.70% and a return on equity of 14.55%. The business’s quarterly revenue was up 120.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share.

JAG has been the subject of several research analyst reports. ValuEngine cut shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Barclays assumed coverage on shares of Jagged Peak Energy in a research report on Wednesday, August 29th. They issued an “equal weight” rating and a $15.00 price objective on the stock. Credit Suisse Group boosted their price objective on shares of Jagged Peak Energy from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. KLR Group reissued a “buy” rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a research report on Monday, August 20th. Finally, Zacks Investment Research lowered shares of Jagged Peak Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.18.

In other news, EVP Christopher Humber sold 25,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $14.12, for a total value of $353,000.00. Following the sale, the executive vice president now owns 84,551 shares of the company’s stock, valued at $1,193,860.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Robert William Howard sold 31,250 shares of the business’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $13.98, for a total transaction of $436,875.00. Following the completion of the sale, the chief financial officer now directly owns 2,011,673 shares in the company, valued at approximately $28,123,188.54. The disclosure for this sale can be found here. In the last three months, insiders sold 118,750 shares of company stock worth $1,611,750. 1.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trexquant Investment LP bought a new stake in Jagged Peak Energy during the second quarter worth $283,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Jagged Peak Energy during the second quarter worth $309,000. Legal & General Group Plc raised its position in Jagged Peak Energy by 72.3% during the first quarter. Legal & General Group Plc now owns 23,513 shares of the mining company’s stock worth $333,000 after acquiring an additional 9,869 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Jagged Peak Energy by 37.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock worth $340,000 after acquiring an additional 6,654 shares in the last quarter. Finally, PEAK6 Investments L.P. raised its position in Jagged Peak Energy by 190.7% during the second quarter. PEAK6 Investments L.P. now owns 34,013 shares of the mining company’s stock worth $443,000 after acquiring an additional 22,313 shares in the last quarter. 33.59% of the stock is currently owned by hedge funds and other institutional investors.

Jagged Peak Energy stock opened at $12.60 on Friday. The company has a market capitalization of $2.78 billion, a PE ratio of 48.46 and a beta of -0.11. Jagged Peak Energy has a twelve month low of $10.55 and a twelve month high of $16.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.62.

About Jagged Peak Energy

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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