Shares of Jagged Peak Energy Inc. (NYSE:JAG) have been given a consensus rating of “Buy” by the twenty-two research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.72.
Several equities analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $17.00 target price on shares of Jagged Peak Energy in a report on Friday, November 3rd. Wolfe Research assumed coverage on Jagged Peak Energy in a report on Tuesday, November 14th. They set a “market perform” rating on the stock. BMO Capital Markets set a $17.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a report on Tuesday, November 14th. Scotiabank set a $16.00 target price on Jagged Peak Energy and gave the company a “hold” rating in a report on Wednesday, November 22nd. Finally, Imperial Capital assumed coverage on Jagged Peak Energy in a report on Thursday, October 12th. They set an “outperform” rating and a $18.00 target price on the stock.
In other news, CEO Joseph N. Jaggers sold 58,844 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $15.28, for a total value of $899,136.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph N. Jaggers sold 6,656 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $15.25, for a total value of $101,504.00. Following the completion of the sale, the chief executive officer now directly owns 5,123,908 shares in the company, valued at $78,139,597. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,500 shares of company stock worth $2,504,640.
Jagged Peak Energy (NYSE JAG) traded up $0.11 during midday trading on Thursday, reaching $15.29. The company’s stock had a trading volume of 972,365 shares, compared to its average volume of 930,006. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.52. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3,255.72 and a price-to-earnings ratio of 80.47.
Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The company had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. Jagged Peak Energy’s revenue for the quarter was up 219.3% on a year-over-year basis. analysts forecast that Jagged Peak Energy will post 0.28 earnings per share for the current fiscal 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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