Jagged Peak Energy Inc. (JAG) Coverage Initiated by Analysts at Wolfe Research
Wolfe Research assumed coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a report released on Tuesday, The Fly reports. The brokerage issued a market perform rating on the mining company’s stock.
A number of other research analysts also recently weighed in on the company. Royal Bank Of Canada reissued a buy rating and issued a $17.00 price objective on shares of Jagged Peak Energy in a research note on Friday, November 3rd. Bank of America Corporation started coverage on Jagged Peak Energy in a report on Monday, October 16th. They issued a buy rating on the stock. Imperial Capital started coverage on Jagged Peak Energy in a report on Thursday, October 12th. They issued an outperform rating and a $18.00 target price on the stock. BMO Capital Markets set a $18.00 target price on Jagged Peak Energy and gave the company a buy rating in a report on Tuesday, October 10th. Finally, Jefferies Group LLC started coverage on Jagged Peak Energy in a report on Monday, October 9th. They issued a hold rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. Jagged Peak Energy currently has an average rating of Buy and an average target price of $17.56.
Jagged Peak Energy (JAG) opened at $14.60 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.21. The firm has a market capitalization of $3,050.00 and a P/E ratio of 75.42.
Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The business had revenue of $70.45 million for the quarter, compared to the consensus estimate of $72.50 million. The firm’s revenue was up 219.3% compared to the same quarter last year. research analysts predict that Jagged Peak Energy will post 0.28 earnings per share for the current fiscal year.
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In other news, insider Shonn D. Stahlecker sold 100,000 shares of Jagged Peak Energy stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the sale, the insider now owns 372,986 shares of the company’s stock, valued at approximately $5,609,709.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Several large investors have recently made changes to their positions in the company. Gen IV Investment Opportunities LLC grew its holdings in shares of Jagged Peak Energy by 12.3% during the 3rd quarter. Gen IV Investment Opportunities LLC now owns 578,997 shares of the mining company’s stock worth $7,909,000 after purchasing an additional 63,565 shares in the last quarter. Anchor Bolt Capital LP acquired a new stake in shares of Jagged Peak Energy during the 3rd quarter worth approximately $707,000. California State Teachers Retirement System grew its holdings in shares of Jagged Peak Energy by 64.4% during the 3rd quarter. California State Teachers Retirement System now owns 93,060 shares of the mining company’s stock worth $1,271,000 after purchasing an additional 36,460 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Jagged Peak Energy by 50.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 172,011 shares of the mining company’s stock worth $2,350,000 after purchasing an additional 57,502 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Jagged Peak Energy during the 3rd quarter worth approximately $205,000. 17.28% of the stock is currently owned by institutional investors.
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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