Analysts Expect Jagged Peak Energy Inc (JAG) Will Post Quarterly Sales of $159.02 Million

Equities analysts forecast that Jagged Peak Energy Inc (NYSE:JAG) will report $159.02 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Jagged Peak Energy’s earnings, with the highest sales estimate coming in at $171.29 million and the lowest estimate coming in at $152.40 million. Jagged Peak Energy posted sales of $104.42 million during the same quarter last year, which suggests a positive year-over-year growth rate of 52.3%. The company is scheduled to issue its next earnings results on Thursday, March 28th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year sales of $588.22 million for the current year, with estimates ranging from $557.00 million to $614.39 million. For the next fiscal year, analysts anticipate that the company will report sales of $709.18 million, with estimates ranging from $546.50 million to $812.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last announced its earnings results on Friday, November 9th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Jagged Peak Energy had a positive return on equity of 17.35% and a negative net margin of 1.48%. The business had revenue of $155.40 million for the quarter, compared to analyst estimates of $144.71 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 120.4% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Cowen assumed coverage on Jagged Peak Energy in a research report on Thursday. They set a “market perform” rating on the stock. BMO Capital Markets set a $15.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, November 13th. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered Jagged Peak Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, National Alliance Securities began coverage on Jagged Peak Energy in a research report on Monday, October 22nd. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.12.

Shares of NYSE JAG opened at $11.44 on Monday. Jagged Peak Energy has a 1 year low of $10.55 and a 1 year high of $16.55. The stock has a market cap of $2.44 billion, a PE ratio of 44.00 and a beta of -0.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 0.72.

In related news, CFO Robert William Howard sold 31,250 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $13.98, for a total value of $436,875.00. Following the completion of the sale, the chief financial officer now directly owns 2,011,673 shares of the company’s stock, valued at $28,123,188.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher Humber sold 25,000 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $14.12, for a total value of $353,000.00. Following the completion of the sale, the executive vice president now directly owns 84,551 shares of the company’s stock, valued at $1,193,860.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,500 shares of company stock valued at $1,202,063. 1.50% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Jagged Peak Energy in the third quarter valued at about $105,000. Trexquant Investment LP bought a new position in shares of Jagged Peak Energy during the second quarter valued at approximately $283,000. Wakefield Asset Management LLLP bought a new position in shares of Jagged Peak Energy during the third quarter valued at approximately $284,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Jagged Peak Energy during the second quarter valued at approximately $309,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Jagged Peak Energy by 37.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock valued at $340,000 after purchasing an additional 6,654 shares during the last quarter. 31.06% of the stock is owned by hedge funds and other institutional investors.

Jagged Peak Energy Company Profile

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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