Jagged Peak Energy Inc. (JAG) PT Set at $17.00 by BMO Capital Markets
BMO Capital Markets set a $17.00 price objective on Jagged Peak Energy Inc. (NYSE:JAG) in a research report report published on Tuesday. The brokerage currently has a buy rating on the mining company’s stock.
A number of other brokerages have also commented on JAG. Citigroup Inc. set a $19.00 price target on shares of Jagged Peak Energy and gave the stock a buy rating in a report on Tuesday, August 15th. Royal Bank Of Canada reissued a buy rating and issued a $17.00 price target on shares of Jagged Peak Energy in a report on Friday, November 3rd. Wolfe Research started coverage on shares of Jagged Peak Energy in a report on Tuesday. They issued a market perform rating on the stock. Zacks Investment Research raised shares of Jagged Peak Energy from a sell rating to a hold rating in a report on Wednesday, September 20th. Finally, Bank of America Corporation started coverage on shares of Jagged Peak Energy in a report on Monday, October 16th. They issued a buy rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Jagged Peak Energy currently has an average rating of Buy and a consensus price target of $17.56.
Jagged Peak Energy (NYSE:JAG) traded up $0.50 during trading on Tuesday, reaching $14.60. 795,160 shares of the company were exchanged, compared to its average volume of 818,108. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. The company has a market cap of $3,050.00 and a price-to-earnings ratio of 75.42. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $15.21.
Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The company’s revenue was up 219.3% compared to the same quarter last year. research analysts anticipate that Jagged Peak Energy will post 0.28 earnings per share for the current year.
In other news, insider Shonn D. Stahlecker sold 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $15.04, for a total value of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares of the company’s stock, valued at approximately $5,609,709.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Jagged Peak Energy by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after purchasing an additional 2,924 shares in the last quarter. UBS Group AG purchased a new stake in Jagged Peak Energy during the 1st quarter valued at $111,000. Dynamic Technology Lab Private Ltd purchased a new stake in Jagged Peak Energy during the 2nd quarter valued at $153,000. Trexquant Investment LP purchased a new stake in Jagged Peak Energy during the 3rd quarter valued at $205,000. Finally, Bank of America Corp DE purchased a new stake in Jagged Peak Energy during the 1st quarter valued at $206,000. 17.28% of the stock is 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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