Q2 2017 EPS Estimates for Jagged Peak Energy Inc. Increased by Analyst (JAG)
Jagged Peak Energy Inc. (NYSE:JAG) – Investment analysts at KeyCorp lifted their Q2 2017 EPS estimates for Jagged Peak Energy in a research note issued to investors on Thursday. KeyCorp analyst C. Stevens now expects that the mining company will post earnings of $0.07 per share for the quarter, up from their previous estimate of $0.06.
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Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada set a $19.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Saturday, June 3rd. UBS AG initiated coverage on shares of Jagged Peak Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $16.00 price target on the stock. Scotiabank set a $13.00 price objective on Jagged Peak Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. BMO Capital Markets set a $15.00 price objective on Jagged Peak Energy and gave the stock a “hold” rating in a report on Monday, May 15th. Finally, Zacks Investment Research upgraded Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.75.
Jagged Peak Energy (JAG) opened at 14.01 on Monday. The stock’s market capitalization is $2.98 billion. The firm’s 50-day moving average is $13.00 and its 200 day moving average is $12.95. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $15.19.
A number of institutional investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in Jagged Peak Energy during the first quarter valued at $75,074,000. Vanguard Group Inc. purchased a new stake in shares of Jagged Peak Energy during the first quarter valued at approximately $31,355,000. Goldman Sachs Group Inc. purchased a new stake in shares of Jagged Peak Energy during the first quarter valued at approximately $27,203,000. Teachers Advisors LLC purchased a new stake in shares of Jagged Peak Energy during the first quarter valued at approximately $13,363,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Jagged Peak Energy during the first quarter valued at approximately $12,202,000. 17.07% of the stock is currently owned by institutional investors.
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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