Jagged Peak Energy Inc. (JAG) Given Consensus Rating of “Buy” by Analysts
Jagged Peak Energy Inc. (NYSE:JAG) has been given an average rating of “Buy” by the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.93.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Citigroup Inc. reduced their price target on shares of Jagged Peak Energy from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. BMO Capital Markets raised shares of Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research report on Wednesday, July 12th. 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. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $19.00 price target on shares of Jagged Peak Energy in a research report on Friday, June 2nd.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in Jagged Peak Energy during the second quarter valued at approximately $153,000. The Manufacturers Life Insurance Company bought a new position in Jagged Peak Energy during the second quarter valued at approximately $340,000. BlueCrest Capital Management Ltd raised its position in Jagged Peak Energy by 131.6% during the second quarter. BlueCrest Capital Management Ltd now owns 42,937 shares of the mining company’s stock valued at $573,000 after acquiring an additional 24,400 shares in the last quarter. State Street Corp raised its position in Jagged Peak Energy by 204.8% during the second quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock valued at $17,454,000 after acquiring an additional 878,710 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in Jagged Peak Energy during the second quarter valued at approximately $222,000. 17.10% of the stock is currently owned by hedge funds and other institutional investors.
Jagged Peak Energy (JAG) traded down 1.83% during midday trading on Friday, reaching $12.31. 3,280,301 shares of the company were exchanged. Jagged Peak Energy has a 52-week low of $11.71 and a 52-week high of $15.08. The stock’s market capitalization is $2.62 billion. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $12.91.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The firm’s revenue for the quarter was up 175.1% compared to the same quarter last year. Equities analysts predict that Jagged Peak Energy will post $0.08 earnings per share for the current year.
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.
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