Equities research analysts forecast that Jagged Peak Energy Inc (NYSE:JAG) will announce $160.68 million in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Jagged Peak Energy’s earnings. The lowest sales estimate is $152.50 million and the highest is $181.90 million. Jagged Peak Energy reported sales of $155.38 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The business is expected to report its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Jagged Peak Energy will report full-year sales of $616.08 million for the current financial year, with estimates ranging from $590.00 million to $665.00 million. For the next financial year, analysts forecast that the company will report sales of $820.60 million, with estimates ranging from $765.70 million to $917.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $146.80 million for the quarter, compared to analysts’ expectations of $143.30 million. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS.
JAG has been the subject of a number of research analyst reports. Piper Jaffray Companies initiated coverage on Jagged Peak Energy in a research report on Monday, July 8th. They issued an “overweight” rating and a $11.00 price target for the company. Nomura initiated coverage on Jagged Peak Energy in a research report on Tuesday, July 9th. They issued an “overweight” rating for the company. ValuEngine lowered Jagged Peak Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. TheStreet lowered Jagged Peak Energy from a “c-” rating to a “d+” rating in a research report on Wednesday, June 12th. Finally, Stifel Nicolaus set a $15.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $14.23.
In related news, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $8.46, for a total transaction of $67,680.00. Following the sale, the insider now directly owns 460,120 shares in the company, valued at approximately $3,892,615.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 24,400 shares of company stock worth $191,628. 0.98% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAG. Parametric Portfolio Associates LLC grew its holdings in shares of Jagged Peak Energy by 6.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,352 shares of the mining company’s stock valued at $210,000 after acquiring an additional 1,624 shares in the last quarter. Legal & General Group Plc increased its holdings in Jagged Peak Energy by 7.9% during the fourth quarter. Legal & General Group Plc now owns 23,353 shares of the mining company’s stock valued at $213,000 after buying an additional 1,716 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Jagged Peak Energy by 7.8% during the fourth quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock valued at $238,000 after buying an additional 1,880 shares during the last quarter. Prudential Financial Inc. increased its holdings in Jagged Peak Energy by 14.4% during the second quarter. Prudential Financial Inc. now owns 18,277 shares of the mining company’s stock valued at $151,000 after buying an additional 2,300 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings in Jagged Peak Energy by 14.9% during the second quarter. Holocene Advisors LP now owns 28,682 shares of the mining company’s stock valued at $237,000 after buying an additional 3,730 shares during the last quarter. Institutional investors and hedge funds own 28.57% of the company’s stock.
NYSE:JAG traded up $0.28 during trading hours on Monday, hitting $6.52. The company’s stock had a trading volume of 2,775,700 shares, compared to its average volume of 1,902,481. The business’s 50-day moving average is $7.53 and its two-hundred day moving average is $9.38. The company has a market capitalization of $1.29 billion, a PE ratio of 10.19, a PEG ratio of 8.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.37 and a current ratio of 0.49. Jagged Peak Energy has a 52-week low of $5.80 and a 52-week high of $14.74.
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.
See Also: What is a growth and income fund?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.