Jagged Peak Energy Inc. (NYSE:JAG) has been assigned a $16.00 target price by Scotiabank in a research report issued on Wednesday. The firm presently has a “hold” rating on the mining company’s stock. Scotiabank’s price objective suggests a potential upside of 5.06% from the company’s previous close.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. BMO Capital Markets set a $18.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Citigroup Inc. set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Bank of America Corporation began coverage on shares of Jagged Peak Energy in a research note on Monday, October 16th. They set a “buy” rating on the stock. Finally, Seaport Global Securities began coverage on shares of Jagged Peak Energy in a research note on Thursday, September 28th. They set a “buy” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. Jagged Peak Energy presently has an average rating of “Buy” and an average price target of $17.72.
Shares of Jagged Peak Energy (NYSE JAG) traded up $0.16 during midday trading on Wednesday, reaching $15.23. 334,876 shares of the company traded hands, compared to its average volume of 964,266. The company has a market capitalization of $3,242.94 and a price-to-earnings ratio of 80.16. Jagged Peak Energy has a fifty-two week low of $10.96 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.38 and a current ratio of 0.38.
Jagged Peak Energy (NYSE:JAG) last issued its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The business had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The firm’s quarterly revenue was up 219.3% on a year-over-year basis. equities analysts anticipate that Jagged Peak Energy will post 0.28 EPS for the current year.
In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the transaction, the insider now owns 372,986 shares in the company, valued at $5,609,709.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank acquired a new position in Jagged Peak Energy during the second quarter worth $710,000. Schwab Charles Investment Management Inc. raised its holdings in Jagged Peak Energy by 88.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock worth $1,529,000 after buying an additional 53,684 shares during the last quarter. Strs Ohio raised its holdings in Jagged Peak Energy by 560.6% during the third quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock worth $848,000 after buying an additional 52,700 shares during the last quarter. Nationwide Fund Advisors raised its holdings in Jagged Peak Energy by 177.0% during the second quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock worth $251,000 after buying an additional 12,018 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in Jagged Peak Energy by 106.3% during the second quarter. Marshall Wace North America L.P. now owns 165,007 shares of the mining company’s stock worth $2,145,000 after buying an additional 85,008 shares during the last quarter. Hedge funds and other institutional investors own 18.78% of the company’s stock.
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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.
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