Analysts at Barclays assumed coverage on shares of Jagged Peak Energy (NYSE:JAG) in a report issued on Wednesday, Marketbeat.com reports. The firm set an “equal weight” rating and a $15.00 price target on the mining company’s stock. Barclays’ price objective points to a potential upside of 12.11% from the company’s current price.

JAG has been the topic of a number of other reports. ValuEngine downgraded Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Stifel Nicolaus boosted their price objective on Jagged Peak Energy from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Credit Suisse Group boosted their price objective on Jagged Peak Energy from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. KLR Group reissued a “buy” rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a research note on Monday, August 20th. Finally, JPMorgan Chase & Co. dropped their price objective on Jagged Peak Energy from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 22nd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.17.

Shares of NYSE:JAG opened at $13.38 on Wednesday. The stock has a market capitalization of $2.74 billion, a PE ratio of 26.75 and a beta of -1.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.12. Jagged Peak Energy has a 1 year low of $10.55 and a 1 year high of $16.55.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, August 9th. The mining company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The company had revenue of $158.70 million for the quarter, compared to the consensus estimate of $140.36 million. Jagged Peak Energy had a return on equity of 14.55% and a net margin of 0.70%. The firm’s revenue was up 198.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. equities research analysts forecast that Jagged Peak Energy will post 0.31 EPS for the current fiscal year.

In other Jagged Peak Energy news, CFO Robert William Howard sold 15,625 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $11.95, for a total transaction of $186,718.75. Following the completion of the sale, the chief financial officer now directly owns 2,136,673 shares of the company’s stock, valued at approximately $25,533,242.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 62,500 shares of company stock valued at $817,813 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in Jagged Peak Energy by 2.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,168 shares of the mining company’s stock worth $2,900,000 after purchasing an additional 4,738 shares in the last quarter. Raymond James & Associates increased its holdings in Jagged Peak Energy by 4.1% during the 2nd quarter. Raymond James & Associates now owns 123,969 shares of the mining company’s stock worth $1,614,000 after purchasing an additional 4,928 shares in the last quarter. Strs Ohio increased its holdings in Jagged Peak Energy by 9.9% during the 2nd quarter. Strs Ohio now owns 67,800 shares of the mining company’s stock worth $882,000 after purchasing an additional 6,100 shares in the last quarter. Rhumbline Advisers increased its holdings in Jagged Peak Energy by 14.4% during the 2nd quarter. Rhumbline Advisers now owns 62,134 shares of the mining company’s stock worth $809,000 after purchasing an additional 7,830 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Jagged Peak Energy by 72.3% during the 1st quarter. Legal & General Group Plc now owns 23,513 shares of the mining company’s stock worth $333,000 after purchasing an additional 9,869 shares in the last quarter. 33.64% of the stock is owned by hedge funds and other institutional investors.

About Jagged Peak Energy

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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