Jagged Peak Energy Inc (NYSE:JAG) Receives Consensus Rating of “Buy” from Analysts

Shares of Jagged Peak Energy Inc (NYSE:JAG) have been assigned an average recommendation of “Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.54.

A number of research analysts recently weighed in on JAG shares. Seaport Global Securities cut shares of Jagged Peak Energy from a “buy” rating to a “neutral” rating in a report on Thursday. ValuEngine upgraded shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies set a $10.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Williams Capital reiterated a “buy” rating and set a $11.00 price target on shares of Jagged Peak Energy in a report on Thursday, August 22nd. Finally, Nomura assumed coverage on shares of Jagged Peak Energy in a report on Tuesday, July 9th. They set an “overweight” rating for the company.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $6.69, for a total transaction of $53,520.00. Following the completion of the transaction, the insider now owns 452,120 shares in the company, valued at approximately $3,024,682.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of JAG. GSA Capital Partners LLP lifted its position in shares of Jagged Peak Energy by 214.8% during the 2nd quarter. GSA Capital Partners LLP now owns 50,350 shares of the mining company’s stock worth $416,000 after buying an additional 34,357 shares during the last quarter. CoreCommodity Management LLC lifted its position in shares of Jagged Peak Energy by 117.9% during the 2nd quarter. CoreCommodity Management LLC now owns 105,805 shares of the mining company’s stock worth $875,000 after buying an additional 57,254 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Jagged Peak Energy by 1,524.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 297,180 shares of the mining company’s stock worth $2,441,000 after buying an additional 278,885 shares during the last quarter. TD Asset Management Inc. raised its position in Jagged Peak Energy by 8.6% in the 2nd quarter. TD Asset Management Inc. now owns 71,713 shares of the mining company’s stock valued at $593,000 after purchasing an additional 5,700 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Jagged Peak Energy by 189.9% in the 2nd quarter. First Trust Advisors LP now owns 115,155 shares of the mining company’s stock valued at $952,000 after purchasing an additional 75,433 shares during the last quarter. Institutional investors own 29.62% of the company’s stock.

Shares of JAG stock opened at $6.82 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $1.40 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 9.74 and a beta of 1.09. The company has a 50 day moving average price of $7.20 and a 200 day moving average price of $8.50. Jagged Peak Energy has a fifty-two week low of $5.80 and a fifty-two week high of $14.26.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $146.80 million during the quarter, compared to analyst estimates of $143.30 million. Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.36%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. On average, research analysts forecast that Jagged Peak Energy will post 0.49 EPS for the current fiscal year.

About Jagged Peak Energy

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, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.

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Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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