Piper Jaffray Companies initiated coverage on shares of Jagged Peak Energy (NYSE:JAG) in a research report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $11.00 target price on the mining company’s stock. Piper Jaffray Companies also issued estimates for Jagged Peak Energy’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.61 EPS, Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.30 EPS, Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $1.21 EPS.

JAG has been the subject of a number of other research reports. Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the company a buy rating in a research report on Friday, May 10th. TheStreet downgraded shares of Resolute Forest Products from a b- rating to a c+ rating in a research report on Wednesday, June 12th. Williams Capital started coverage on shares of Jagged Peak Energy in a research report on Monday, June 17th. They set a buy rating and a $13.00 price objective for the company. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, SunTrust Banks boosted their price objective on shares of Alliance Data Systems from $190.00 to $210.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $14.27.

Shares of JAG stock opened at $8.53 on Monday. Jagged Peak Energy has a 1 year low of $7.76 and a 1 year high of $14.74. The company’s fifty day simple moving average is $8.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $1.86 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 3.44 and a beta of 1.08.

Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Jagged Peak Energy had a net margin of 18.89% and a return on equity of 15.42%. The business had revenue of $129.60 million for the quarter, compared to the consensus estimate of $135.07 million. During the same period in the previous year, the firm earned $0.12 EPS. The company’s revenue was up .4% on a year-over-year basis. As a group, sell-side analysts expect that Jagged Peak Energy will post 0.59 earnings per share for the current fiscal year.

In related news, Director James J. Kleckner sold 4,107 shares of Jagged Peak Energy stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $10.89, for a total transaction of $44,725.23. Following the transaction, the director now owns 270,821 shares in the company, valued at approximately $2,949,240.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $8.28, for a total transaction of $66,240.00. Following the transaction, the insider now owns 468,120 shares in the company, valued at approximately $3,876,033.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,507 shares of company stock worth $265,073. 0.98% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new position in shares of Jagged Peak Energy during the 2nd quarter valued at $92,000. Denali Advisors LLC purchased a new stake in Jagged Peak Energy in the 2nd quarter worth $79,000. Phocas Financial Corp. lifted its stake in Jagged Peak Energy by 46.7% in the 1st quarter. Phocas Financial Corp. now owns 845,528 shares of the mining company’s stock worth $8,853,000 after purchasing an additional 269,102 shares in the last quarter. NumerixS Investment Technologies Inc lifted its stake in Jagged Peak Energy by 500.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 50,400 shares of the mining company’s stock worth $536,000 after purchasing an additional 42,000 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Jagged Peak Energy by 17.2% in the 1st quarter. New York State Common Retirement Fund now owns 115,490 shares of the mining company’s stock worth $1,209,000 after purchasing an additional 16,945 shares in the last quarter. Institutional investors own 28.40% of the company’s stock.

Jagged Peak Energy Company Profile

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, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.

See Also: What is the Current Ratio?

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

Receive News & Ratings for Jagged Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.