Brokerages Set Jagged Peak Energy Inc. (JAG) Target Price at $17.72

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.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Jagged Peak Energy during the first quarter worth about $31,355,000. State Street Corp grew 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 worth $17,454,000 after buying an additional 878,710 shares in the last quarter. Citadel Advisors LLC grew its position in Jagged Peak Energy by 60.2% during the second quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock worth $20,008,000 after buying an additional 563,031 shares in the last quarter. FMR LLC acquired a new stake in Jagged Peak Energy during the second quarter worth about $5,140,000. Finally, Boston Partners grew its position in Jagged Peak Energy by 6.6% during the second quarter. Boston Partners now owns 6,136,033 shares of the mining company’s stock worth $81,916,000 after buying an additional 378,822 shares in the last quarter. 21.26% of the stock is currently owned by institutional investors.

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.

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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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