Analysts expect that Jagged Peak Energy Inc (NYSE:JAG) will report $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Jagged Peak Energy’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.17. Jagged Peak Energy reported earnings of $0.18 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16.7%. The firm is expected to announce its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Jagged Peak Energy will report full year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.56. For the next financial year, analysts forecast that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.71 to $1.07. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last issued its earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The firm had revenue of $146.80 million for the quarter, compared to analysts’ expectations of $143.30 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year.

A number of equities analysts have weighed in on JAG shares. TheStreet cut Jagged Peak Energy from a “c-” rating to a “d+” rating in a report on Wednesday, June 12th. Nomura started coverage on Jagged Peak Energy in a report on Tuesday, July 9th. They issued an “overweight” rating for the company. Piper Jaffray Companies started coverage on Jagged Peak Energy in a report on Monday, July 8th. They issued an “overweight” rating and a $11.00 price target for the company. Williams Capital started coverage on Jagged Peak Energy in a report on Monday, June 17th. They issued a “buy” rating and a $13.00 price target for the company. Finally, ValuEngine cut Jagged Peak Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.23.

NYSE JAG traded up $0.28 on Friday, reaching $6.52. The company had a trading volume of 2,775,700 shares, compared to its average volume of 1,902,481. The firm has a market capitalization of $1.29 billion, a PE ratio of 10.19, a P/E/G ratio of 8.48 and a beta of 1.07. Jagged Peak Energy has a 1 year low of $5.80 and a 1 year high of $14.74. The firm has a 50-day moving average of $7.53 and a 200-day moving average of $9.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.49 and a quick ratio of 0.37.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $6.69, for a total value of $53,520.00. Following the transaction, the insider now directly owns 452,120 shares of the company’s stock, valued at approximately $3,024,682.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 24,400 shares of company stock worth $191,628. 0.98% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Luminus Management LLC raised its position in Jagged Peak Energy by 953.7% during the 2nd quarter. Luminus Management LLC now owns 1,580,498 shares of the mining company’s stock worth $13,071,000 after purchasing an additional 1,430,498 shares during the last quarter. Norges Bank acquired a new stake in shares of Jagged Peak Energy in the 4th quarter valued at about $6,552,000. Janus Henderson Group PLC grew its stake in shares of Jagged Peak Energy by 19.5% in the 1st quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock valued at $32,311,000 after buying an additional 502,834 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Jagged Peak Energy in the 1st quarter valued at about $3,384,000. Finally, Westwood Holdings Group Inc. grew its stake in shares of Jagged Peak Energy by 21.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,844,000 shares of the mining company’s stock valued at $15,250,000 after buying an additional 319,865 shares during the period. 28.57% of the stock is currently owned by 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, 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.

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