Jagged Peak Energy Inc. (JAG) Cut to “Sell” at ValuEngine
ValuEngine downgraded shares of Jagged Peak Energy Inc. (NYSE:JAG) from a hold rating to a sell rating in a research report report published on Friday morning.
A number of other research firms have also issued reports on JAG. Zacks Investment Research lowered Jagged Peak Energy from a hold rating to a sell rating in a report on Wednesday, July 26th. Citigroup Inc lowered their price target on Jagged Peak Energy from $19.00 to $18.00 and set a buy rating on the stock in a report on Thursday, July 13th. BMO Capital Markets raised Jagged Peak Energy from a market perform rating to an outperform rating and set a $17.00 price objective on the stock in a report on Wednesday, July 12th. Royal Bank Of Canada set a $19.00 price objective on Jagged Peak Energy and gave the company a buy rating in a report on Saturday, June 3rd. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $17.75.
Shares of Jagged Peak Energy (NYSE JAG) traded up 0.16% during mid-day trading on Friday, hitting $12.83. The stock had a trading volume of 625,804 shares. The firm has a 50 day moving average price of $13.03 and a 200 day moving average price of $12.88. The firm’s market cap is $2.73 billion. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.19.
Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $53.10 million during the quarter, compared to analysts’ expectations of $55.12 million. The business’s revenue for the quarter was up 175.1% on a year-over-year basis. Equities analysts predict that Jagged Peak Energy will post $0.08 EPS for the current year.
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Large investors have recently made changes to their positions in the company. Oxford Asset Management purchased a new stake in shares of Jagged Peak Energy during the 1st quarter worth approximately $1,337,000. TD Asset Management Inc. purchased a new stake in shares of Jagged Peak Energy during the 1st quarter worth approximately $983,000. Wells Fargo & Company MN purchased a new stake in shares of Jagged Peak Energy during the 1st quarter worth approximately $757,000. Marshall Wace North America L.P. purchased a new stake in shares of Jagged Peak Energy during the 1st quarter worth approximately $1,040,000. Finally, UBS Oconnor LLC purchased a new stake in shares of Jagged Peak Energy during the 1st quarter worth approximately $7,634,000. 17.10% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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