Jagged Peak Energy Inc. (JAG) Expected to Announce Earnings of $0.10 Per Share

Equities research analysts expect Jagged Peak Energy Inc. (NYSE:JAG) to post earnings of $0.10 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Jagged Peak Energy’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.05. Jagged Peak Energy reported earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The business is expected to announce its next earnings results on Thursday, March 22nd.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.33. For the next financial year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.30 to $0.95. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $70.45 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 219.3% on a year-over-year basis.

JAG has been the subject of several analyst reports. Bank of America initiated coverage on shares of Jagged Peak Energy in a report on Monday, October 16th. They issued a “buy” rating for the company. BMO Capital Markets set a $18.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Seaport Global Securities initiated coverage on shares of Jagged Peak Energy in a report on Thursday, September 28th. They issued a “buy” rating and a $16.00 price objective for the company. Citigroup set a $19.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, 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 report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Jagged Peak Energy presently has a consensus rating of “Buy” and a consensus target price of $17.72.

Jagged Peak Energy (NYSE JAG) opened at $14.19 on Friday. The company has a market cap of $3,021.49 and a P/E ratio of 74.68. Jagged Peak Energy has a fifty-two week low of $10.96 and a fifty-two week high of $15.52. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05.

In other Jagged Peak Energy news, CEO Joseph N. Jaggers sold 58,844 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $15.28, for a total value of $899,136.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shonn D. Stahlecker sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares in the company, valued at $5,609,709.44. The disclosure for this sale can be found here. Insiders sold a total of 165,500 shares of company stock worth $2,504,640 over the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of JAG. Swiss National Bank purchased a new stake in shares of Jagged Peak Energy during the 2nd quarter valued at $710,000. Schwab Charles Investment Management Inc. raised its position in shares of Jagged Peak Energy by 88.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after buying an additional 53,684 shares in the last quarter. Strs Ohio raised its position in shares of Jagged Peak Energy by 560.6% during the 3rd quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after buying an additional 52,700 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Jagged Peak Energy by 177.0% during the 2nd quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock valued at $251,000 after buying an additional 12,018 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in shares of Jagged Peak Energy by 106.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 165,007 shares of the mining company’s stock valued at $2,145,000 after buying an additional 85,008 shares in the last quarter. Institutional investors and hedge funds own 21.26% 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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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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