Jagged Peak Energy Inc. (NYSE:JAG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Jagged Peak Energy Inc. is an oil and natural gas company. It focused 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. Jagged Peak Energy Inc. is based in Denver, United States. “

JAG has been the topic of a number of other reports. BMO Capital Markets set a $18.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Saturday, August 12th. Credit Suisse Group restated an “outperform” rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a report on Friday, June 2nd. Scotiabank set a $13.00 price objective on shares of Jagged Peak Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. KLR Group began coverage on shares of Jagged Peak Energy in a report on Monday, June 19th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Royal Bank Of Canada set a $17.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $17.75.

Jagged Peak Energy (NYSE JAG) opened at 12.81 on Friday. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $15.19. The firm’s market capitalization is $2.73 billion. The company’s 50-day moving average price is $13.07 and its 200-day moving average price is $12.88.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $53.10 million during the quarter, compared to analyst estimates of $55.12 million. The company’s revenue was up 175.1% compared to the same quarter last year. Equities research analysts expect that Jagged Peak Energy will post $0.08 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $2,282,000. Spark Investment Management LLC purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $1,427,000. Neuberger Berman Group LLC purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $606,000. JPMorgan Chase & Co. purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $11,582,000. Finally, Oxford Asset Management purchased a new position in shares of Jagged Peak Energy during the first quarter valued at $1,337,000. 17.10% of the stock is owned by institutional investors.

Jagged Peak Energy Company Profile

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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