Jefferies Group LLC initiated coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a report published on Monday, Marketbeat.com reports. The brokerage issued a hold rating and a $14.00 price target on the mining company’s stock. Jefferies Group also issued estimates for Jagged Peak Energy’s Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.25 EPS and FY2019 earnings at $0.97 EPS.
Several other equities research analysts have also issued reports on the stock. BMO Capital Markets raised shares of Jagged Peak Energy from a market perform rating to an outperform rating and set a $17.00 price objective for the company in a research report on Wednesday, July 12th. Zacks Investment Research lowered 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 price objective 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 price objective 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 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $17.61.
Jagged Peak Energy (NYSE JAG) opened at 13.98 on Monday. Jagged Peak Energy has a 12 month low of $11.71 and a 12 month high of $15.08. The firm has a 50-day moving average of $13.26 and a 200 day moving average of $13.26. The stock’s market cap is $2.98 billion.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The firm’s revenue for the quarter was up 175.1% on a year-over-year basis. Analysts anticipate that Jagged Peak Energy will post $0.08 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners boosted its stake in Jagged Peak Energy by 6.6% during the 2nd quarter. Boston Partners now owns 6,136,033 shares of the mining company’s stock valued at $81,916,000 after acquiring an additional 378,822 shares during the last quarter. Franklin Resources Inc. boosted its stake in Jagged Peak Energy by 3.9% during the 2nd quarter. Franklin Resources Inc. now owns 2,724,540 shares of the mining company’s stock valued at $36,373,000 after acquiring an additional 101,400 shares during the last quarter. Vanguard Group Inc. boosted its stake in Jagged Peak Energy by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,580,145 shares of the mining company’s stock valued at $34,445,000 after acquiring an additional 175,591 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Jagged Peak Energy during the 1st quarter valued at $27,203,000. Finally, Citadel Advisors LLC boosted its stake in Jagged Peak Energy by 60.2% during the 2nd quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock valued at $20,008,000 after acquiring an additional 563,031 shares during the last quarter. Hedge funds and other institutional investors own 17.10% of the company’s stock.
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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