Jagged Peak Energy Inc. (NYSE:JAG) – Stock analysts at Seaport Global Securities decreased their FY2017 earnings per share estimates for shares of Jagged Peak Energy in a research note issued on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the mining company will earn $0.27 per share for the year, down from their prior estimate of $0.28. Seaport Global Securities has a “Buy” rating and a $16.00 price target on the stock. Seaport Global Securities also issued estimates for Jagged Peak Energy’s Q4 2017 earnings at $0.10 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.17 EPS and Q4 2018 earnings at $0.18 EPS.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. BMO Capital Markets set a $18.00 target price on Jagged Peak Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Bank of America assumed coverage on Jagged Peak Energy in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Credit Suisse Group initiated coverage on Jagged Peak Energy in a research report on Monday, December 11th. They issued a “neutral” rating and a $16.00 target price on the stock. Finally, Imperial Capital initiated coverage on Jagged Peak Energy in a research note on Thursday, October 12th. They set an “outperform” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Jagged Peak Energy presently has an average rating of “Buy” and a consensus price target of $17.56.

Jagged Peak Energy (JAG) opened at $14.71 on Wednesday. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $15.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $3,121.56 and a PE ratio of 77.16.

Jagged Peak Energy (NYSE:JAG) last released its earnings results on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) 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 firm had revenue of $70.45 million for the quarter, compared to analysts’ expectations of $72.50 million. The business’s quarterly revenue was up 219.3% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the stock. Boston Partners lifted its stake in shares of Jagged Peak Energy by 1.4% in the third quarter. Boston Partners now owns 6,219,011 shares of the mining company’s stock worth $84,951,000 after acquiring an additional 82,978 shares during the period. Franklin Resources Inc. increased its holdings in Jagged Peak Energy by 3.9% in the second quarter. Franklin Resources Inc. now owns 2,724,540 shares of the mining company’s stock worth $36,373,000 after purchasing an additional 101,400 shares in the last quarter. Vanguard Group Inc. increased its holdings in Jagged Peak Energy by 7.3% in the second quarter. Vanguard Group Inc. now owns 2,580,145 shares of the mining company’s stock worth $34,445,000 after purchasing an additional 175,591 shares in the last quarter. Citadel Advisors LLC increased its holdings in Jagged Peak Energy by 60.2% in the second quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock worth $20,008,000 after purchasing an additional 563,031 shares in the last quarter. Finally, State Street Corp increased its holdings in Jagged Peak Energy by 204.8% in the second quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock worth $17,454,000 after purchasing an additional 878,710 shares in the last quarter. 21.26% of the stock is currently owned by institutional investors.

In related news, CEO Joseph N. Jaggers sold 58,844 shares of Jagged Peak Energy stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $15.28, for a total value of $899,136.32. Following the transaction, the chief executive officer now directly owns 5,043,681 shares of the company’s stock, valued at $77,067,445.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $1,504,000.00. Following the completion of the transaction, the insider now directly owns 372,986 shares in the company, valued at $5,609,709.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,500 shares of company stock worth $2,504,640.

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Jagged Peak Energy Company Profile

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.

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

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