Jagged Peak Energy Inc. (JAG) Coverage Initiated at Wolfe Research

Research analysts at Wolfe Research assumed coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a research report issued on Tuesday. The firm set a “market perform” rating on the mining company’s stock.

Several other equities research analysts also recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $17.00 target price on shares of Jagged Peak Energy in a research report on Friday, November 3rd. Bank of America Corporation began coverage on shares of Jagged Peak Energy in a research report on Monday, October 16th. They set a “buy” rating on the stock. Imperial Capital began coverage on shares of Jagged Peak Energy in a research report on Thursday, October 12th. They set an “outperform” rating and a $18.00 target price on the stock. 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 report on Tuesday, October 10th. Finally, Jefferies Group LLC began coverage on shares of Jagged Peak Energy in a research report on Monday, October 9th. They set a “hold” rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.56.

Jagged Peak Energy (JAG) traded up $0.01 during trading hours on Tuesday, reaching $14.34. 1,198,800 shares of the company traded hands, compared to its average volume of 820,030. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $15.21. The firm has a market cap of $3,050.00 and a P/E ratio of 75.42.

Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The business had revenue of $70.45 million for the quarter, compared to the consensus estimate of $72.50 million. The firm’s quarterly revenue was up 219.3% on a year-over-year basis. equities analysts predict that Jagged Peak Energy will post 0.28 earnings per share for the current fiscal year.

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In other news, insider Shonn D. Stahlecker sold 100,000 shares of Jagged Peak Energy stock in a transaction on Monday, November 6th. The shares were sold at an average price of $15.04, for a total value of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares in the company, valued at approximately $5,609,709.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Jagged Peak Energy by 9.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after acquiring an additional 1,375 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Jagged Peak Energy by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after acquiring an additional 2,924 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Jagged Peak Energy by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,029,833 shares of the mining company’s stock valued at $13,748,000 after acquiring an additional 5,091 shares in the last quarter. UBS Group AG bought a new stake in shares of Jagged Peak Energy in the 1st quarter valued at $111,000. Finally, Nationwide Fund Advisors increased its stake in shares of Jagged Peak Energy by 57.2% in the 3rd quarter. Nationwide Fund Advisors now owns 29,570 shares of the mining company’s stock valued at $404,000 after acquiring an additional 10,761 shares in the last quarter. Institutional investors own 17.28% of the company’s stock.

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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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