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.

WARNING: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/21/zacks-analysts-expect-jagged-peak-energy-inc-jag-will-announce-quarterly-sales-of-77-67-million.html.

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.

Get a free copy of the Zacks research report on Jagged Peak Energy (JAG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

Receive News & Stock Ratings for Jagged Peak Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy Inc. and related stocks with our FREE daily email newsletter.