Equities research analysts expect that Jagged Peak Energy Inc. (NYSE:JAG) will announce sales of $56.92 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Jagged Peak Energy’s earnings, with estimates ranging from $54.80 million to $60.46 million. The firm is expected to issue its next quarterly earnings results on Thursday, August 10th.

On average, analysts expect that Jagged Peak Energy will report full year sales of $56.92 million for the current fiscal year, with estimates ranging from $282.74 million to $335.53 million. For the next fiscal year, analysts expect that the business will post sales of $646.71 million per share, with estimates ranging from $567.63 million to $747.60 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Jagged Peak Energy.

A number of research firms have recently issued reports on JAG. Stifel Nicolaus assumed coverage on shares of Jagged Peak Energy in a research note on Wednesday, March 15th. They issued a “buy” rating and a $15.00 price target for the company. BMO Capital Markets reissued a “hold” rating and set a $17.00 price target on shares of Jagged Peak Energy in a report on Wednesday, March 22nd. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price target on shares of Jagged Peak Energy in a report on Friday, March 24th. Finally, Credit Suisse Group dropped their price target on shares of Jagged Peak Energy from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.73.

Shares of Jagged Peak Energy (NYSE:JAG) opened at 13.06 on Friday. The company’s market capitalization is $2.78 billion. The firm’s 50-day moving average price is $13.00 and its 200 day moving average price is $12.95. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.08.

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Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG acquired a new position in shares of Jagged Peak Energy during the first quarter worth approximately $111,000. Strs Ohio acquired a new position in shares of Jagged Peak Energy during the first quarter worth approximately $122,000. Harbor Advisors LLC acquired a new position in shares of Jagged Peak Energy during the first quarter worth approximately $196,000. Bank of America Corp DE acquired a new position in shares of Jagged Peak Energy during the first quarter worth approximately $206,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Jagged Peak Energy during the first quarter worth approximately $242,000. Institutional investors own 17.07% 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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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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