Zacks: Analysts Expect Jagged Peak Energy Inc. (JAG) Will Announce Quarterly Sales of $77.67 Million
Analysts forecast that Jagged Peak Energy Inc. (NYSE:JAG) will report $77.67 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Jagged Peak Energy’s earnings. The highest sales estimate is $89.20 million and the lowest is $72.20 million. The business is expected to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Jagged Peak Energy will report full year sales of $77.67 million for the current financial year, with estimates ranging from $263.20 million to $294.50 million. For the next year, analysts anticipate that the firm will post sales of $543.71 million per share, with estimates ranging from $501.90 million to $585.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results 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 business had revenue of $53.10 million during the quarter, compared to analyst estimates of $55.12 million. The business’s revenue for the quarter was up 175.1% on a year-over-year basis.
Several analysts have weighed in on the company. Citigroup Inc. set a $19.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research report on Tuesday, August 15th. BMO Capital Markets set a $18.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Scotiabank set a $13.00 price objective on Jagged Peak Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Finally, KLR Group assumed coverage on Jagged Peak Energy in a research report on Monday, June 19th. They set a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.88.
Several hedge funds have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $122,000. Essex Investment Management Co. LLC bought a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $441,000. Wells Fargo & Company MN bought a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $757,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $3,231,000. Finally, Boston Partners bought a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $75,074,000. 17.20% of the stock is currently owned by hedge funds and other institutional investors.
Jagged Peak Energy (NYSE JAG) opened at 12.10 on Monday. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.19. The company’s market cap is $2.58 billion. The firm has a 50-day moving average price of $13.37 and a 200 day moving average price of $13.03.
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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