Jagged Peak Energy Inc. (JAG) Stake Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in Jagged Peak Energy Inc. (NYSE:JAG) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,419 shares of the mining company’s stock after acquiring an additional 18,312 shares during the quarter. Wells Fargo & Company MN’s holdings in Jagged Peak Energy were worth $1,020,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Jagged Peak Energy by 9.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock worth $222,000 after acquiring an additional 1,375 shares during the last quarter. Legal & General Group Plc lifted its holdings 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 worth $102,000 after acquiring an additional 2,924 shares during the last quarter. UBS Group AG purchased a new stake in Jagged Peak Energy during the 1st quarter worth approximately $111,000. Bank of America Corp DE purchased a new stake in Jagged Peak Energy during the 1st quarter worth approximately $206,000. Finally, Eaton Vance Management increased its stake in Jagged Peak Energy by 48.4% during the 2nd quarter. Eaton Vance Management now owns 108,584 shares of the mining company’s stock worth $1,450,000 after buying an additional 35,400 shares during the period. Hedge funds and other institutional investors own 17.17% of the company’s stock.

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Shares of Jagged Peak Energy Inc. (NYSE:JAG) opened at $14.82 on Friday.

Jagged Peak Energy (NYSE:JAG) last issued its earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. The business’s revenue for the quarter was up 175.1% compared to the same quarter last year. equities research analysts expect that Jagged Peak Energy Inc. will post 0.28 EPS for the current year.

Several equities research analysts recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of Jagged Peak Energy in a research note on Monday, October 16th. They set a “buy” rating on the stock. Imperial Capital assumed coverage on shares of Jagged Peak Energy in a research report on Thursday, October 12th. They issued an “outperform” rating and a $18.00 price objective on the stock. BMO Capital Markets set a $18.00 price objective on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group LLC assumed coverage on shares of Jagged Peak Energy in a research report on Monday, October 9th. They issued a “hold” rating and a $14.00 price objective on the stock. Finally, Seaport Global Securities assumed coverage on shares of Jagged Peak Energy in a research report on Thursday, September 28th. They issued a “buy” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Jagged Peak Energy has a consensus rating of “Buy” and a consensus target price of $17.61.

Jagged Peak Energy 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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Institutional Ownership by Quarter for Jagged Peak Energy (NYSE:JAG)

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