Jagged Peak Energy Inc. (NYSE:JAG) – Analysts at KeyCorp dropped their Q3 2017 earnings per share (EPS) estimates for Jagged Peak Energy in a research note issued to investors on Wednesday. KeyCorp analyst C. Stevens now expects that the mining company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.10. KeyCorp also issued estimates for Jagged Peak Energy’s Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.65 EPS.
Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. BMO Capital Markets raised Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a report on Wednesday, July 12th. Credit Suisse Group reissued an “outperform” rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a report on Friday, June 2nd. Scotiabank reissued a “hold” rating on shares of Jagged Peak Energy in a report on Monday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on Jagged Peak Energy from $19.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Jagged Peak Energy currently has a consensus rating of “Buy” and a consensus target price of $17.75.
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Shares of Jagged Peak Energy (NYSE:JAG) opened at 12.79 on Friday. The firm’s market capitalization is $2.72 billion. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $15.19. The company’s 50 day moving average is $13.48 and its 200 day moving average is $13.09.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by $0.03. The company had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. The firm’s revenue was up 175.1% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. increased its stake in shares of Jagged Peak Energy by 9.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after buying an additional 1,375 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after buying an additional 2,924 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Jagged Peak Energy by 0.5% in the second quarter. Teachers Advisors LLC now owns 1,029,833 shares of the mining company’s stock valued at $13,748,000 after buying an additional 5,091 shares in the last quarter. UBS Group AG acquired a new stake in shares of Jagged Peak Energy during the first quarter valued at about $111,000. Finally, Strs Ohio acquired a new stake in shares of Jagged Peak Energy during the first quarter valued at about $122,000. 17.03% of the stock is owned by institutional investors and hedge funds.
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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