Jagged Peak Energy Inc. (JAG) Given a $17.00 Price Target at Royal Bank Of Canada
Royal Bank Of Canada set a $17.00 price target on Jagged Peak Energy Inc. (NYSE:JAG) in a research note issued to investors on Thursday. The firm currently has a buy rating on the mining company’s stock.
JAG has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Jagged Peak Energy from a sell rating to a hold rating in a research report on Wednesday, May 17th. BMO Capital Markets set a $18.00 target price on shares of Jagged Peak Energy and gave the company a buy rating in a research report on Saturday, August 12th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $19.00 target price on shares of Jagged Peak Energy in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Jagged Peak Energy has an average rating of Buy and an average price target of $17.75.
Shares of Jagged Peak Energy (NYSE JAG) traded up 0.24% on Thursday, reaching $12.39. 695,307 shares of the company traded hands. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $15.19. The firm’s market capitalization is $2.64 billion. The stock has a 50-day moving average price of $13.23 and a 200 day moving average price of $12.96.
Jagged Peak Energy (NYSE:JAG) last issued its earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The firm had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. The firm’s revenue was up 175.1% compared to the same quarter last year. Analysts anticipate that Jagged Peak Energy will post $0.08 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after buying an additional 2,924 shares during the last quarter. UBS Group AG purchased a new stake in Jagged Peak Energy during the first quarter valued at about $111,000. Strs Ohio purchased a new stake in Jagged Peak Energy during the first quarter valued at about $122,000. Dynamic Technology Lab Private Ltd purchased a new stake in Jagged Peak Energy during the second quarter valued at about $153,000. Finally, Harbor Advisors LLC purchased a new stake in Jagged Peak Energy during the first quarter valued at about $196,000. Hedge funds and other institutional investors own 17.20% 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.
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