Jagged Peak Energy Inc (NYSE:JAG) Expected to Post Earnings of $0.16 Per Share

Equities analysts predict that Jagged Peak Energy Inc (NYSE:JAG) will post $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Jagged Peak Energy’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.18. Jagged Peak Energy posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The firm is expected to issue its next quarterly earnings results on Thursday, February 27th.

On average, analysts expect that Jagged Peak Energy will report full-year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.42 to $0.49. For the next year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.92. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings data on Thursday, November 7th. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Jagged Peak Energy had a return on equity of 9.85% and a net margin of 29.01%. The firm had revenue of $150.07 million during the quarter, compared to analyst estimates of $151.37 million. During the same quarter last year, the company posted $0.18 EPS. The company’s revenue was down 3.4% on a year-over-year basis.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America cut Jagged Peak Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, September 10th. UBS Group reduced their target price on Jagged Peak Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Piper Jaffray Companies set a $10.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Williams Capital lowered Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $10.86.

In other news, CFO Robert William Howard sold 140,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.25, for a total value of $1,015,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,010,445 shares in the company, valued at $14,575,726.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shonn D. Stahlecker sold 10,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.95, for a total transaction of $69,500.00. Following the completion of the sale, the insider now owns 432,120 shares of the company’s stock, valued at $3,003,234. The disclosure for this sale can be found here. In the last 90 days, insiders sold 300,000 shares of company stock worth $2,143,900. Company insiders own 0.98% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JAG. Millennium Management LLC raised its stake in shares of Jagged Peak Energy by 1,237.6% during the third quarter. Millennium Management LLC now owns 41,638 shares of the mining company’s stock valued at $302,000 after purchasing an additional 38,525 shares in the last quarter. Man Group plc raised its position in shares of Jagged Peak Energy by 478.5% during the third quarter. Man Group plc now owns 1,270,397 shares of the mining company’s stock worth $9,223,000 after purchasing an additional 1,050,786 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Jagged Peak Energy during the third quarter worth about $429,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Jagged Peak Energy by 74.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277,910 shares of the mining company’s stock valued at $2,018,000 after purchasing an additional 118,850 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Jagged Peak Energy during the 3rd quarter valued at about $137,000. Institutional investors own 35.49% of the company’s stock.

Shares of Jagged Peak Energy stock traded up $0.35 on Monday, hitting $7.28. The company’s stock had a trading volume of 1,529,921 shares, compared to its average volume of 1,978,493. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 10.63 and a beta of 1.05. Jagged Peak Energy has a 1 year low of $5.80 and a 1 year high of $11.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a fifty day moving average price of $7.15 and a 200-day moving average price of $7.51.

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, 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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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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