Brokerages Set Jagged Peak Energy Inc (JAG) Target Price at $19.00

Shares of Jagged Peak Energy Inc (NYSE:JAG) have received an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.75.

Several research firms have recently weighed in on JAG. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus began coverage on Jagged Peak Energy in a report on Wednesday, March 15th. They set a “buy” rating and a $15.00 price objective on the stock. Royal Bank of Canada set a $19.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, April 25th. Susquehanna Bancshares Inc began coverage on Jagged Peak Energy in a report on Monday, February 13th. They set a “positive” rating and a $20.00 price objective on the stock. Finally, BMO Capital Markets set a $15.00 price objective on Jagged Peak Energy and gave the stock a “hold” rating in a report on Monday, May 15th.

Hedge funds have recently added to or reduced their stakes in the stock. Boston Partners purchased a new stake in Jagged Peak Energy during the first quarter worth approximately $75,074,000. Essex Investment Management Co. LLC purchased a new stake in Jagged Peak Energy during the first quarter worth approximately $441,000. Kornitzer Capital Management Inc. KS purchased a new stake in Jagged Peak Energy during the first quarter worth approximately $3,231,000. Wells Fargo & Company MN purchased a new stake in Jagged Peak Energy during the first quarter worth approximately $757,000. Finally, Strs Ohio purchased a new stake in Jagged Peak Energy during the first quarter worth approximately $122,000.

Shares of Jagged Peak Energy (NYSE:JAG) opened at 13.28 on Monday. The firm’s market capitalization is $2.83 billion. The stock has a 50 day moving average price of $12.27 and a 200 day moving average price of $12.92. Jagged Peak Energy has a 52 week low of $10.96 and a 52 week high of $15.08.

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About Jagged Peak Energy

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.

12 Month Chart for NYSE:JAG

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