BlueCrest Capital Management Ltd increased its holdings in Jagged Peak Energy Inc. (NYSE:JAG) by 131.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,937 shares of the mining company’s stock after purchasing an additional 24,400 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Jagged Peak Energy were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Wells Fargo & Company MN purchased a new position in Jagged Peak Energy in the 1st quarter worth $757,000. Marshall Wace North America L.P. purchased a new position in Jagged Peak Energy in the 1st quarter worth $1,040,000. UBS Oconnor LLC purchased a new position in Jagged Peak Energy in the 1st quarter worth $7,634,000. TIAA CREF Investment Management LLC raised its position in Jagged Peak Energy by 3.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 890,684 shares of the mining company’s stock worth $11,891,000 after purchasing an additional 28,761 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Jagged Peak Energy by 20.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,069,428 shares of the mining company’s stock worth $14,277,000 after purchasing an additional 181,246 shares during the period. Institutional investors own 17.10% of the company’s stock.
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A number of equities analysts recently commented on JAG shares. BMO Capital Markets upgraded shares of Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada set a $17.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Thursday, August 24th. Citigroup Inc. set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, KLR Group started coverage on shares of Jagged Peak Energy in a research report on Monday, June 19th. They issued a “buy” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.61.
Shares of Jagged Peak Energy Inc. (NYSE JAG) opened at 13.92 on Monday. The company’s market cap is $2.96 billion. The firm has a 50-day moving average of $13.07 and a 200-day moving average of $12.90. Jagged Peak Energy Inc. has a one year low of $10.96 and a one year high of $15.19.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The company’s quarterly revenue was up 175.1% on a year-over-year basis. Equities research analysts forecast that Jagged Peak Energy Inc. will post $0.08 EPS for the current fiscal year.
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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