Citigroup Inc. Lowers Jagged Peak Energy Inc. (JAG) Price Target to $18.00

Jagged Peak Energy Inc. (NYSE:JAG) had its price objective lowered by investment analysts at Citigroup Inc. from $19.00 to $18.00 in a report released on Thursday. The firm presently has a “buy” rating on the mining company’s stock. Citigroup Inc.’s price objective suggests a potential upside of 27.39% from the company’s previous close.

Several other brokerages have also recently weighed in on JAG. Zacks Investment Research cut Jagged Peak Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets upgraded Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Wednesday, July 12th. Royal Bank Of Canada set a $19.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research note on Saturday, June 3rd. Credit Suisse Group restated an “outperform” rating and set a $19.00 price objective on shares of Jagged Peak Energy in a research note on Friday, June 2nd. Finally, Scotiabank set a $13.00 price objective on Jagged Peak Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Jagged Peak Energy currently has an average rating of “Buy” and a consensus target price of $17.75.

Shares of Jagged Peak Energy (NYSE JAG) opened at 14.13 on Thursday. The company’s market capitalization is $3.01 billion. The firm’s 50-day moving average is $13.00 and its 200 day moving average is $12.95. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.19.

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Large investors have recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $75,074,000. Vanguard Group Inc. acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $31,355,000. Goldman Sachs Group Inc. acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $27,203,000. Teachers Advisors LLC acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $13,363,000. Finally, Citadel Advisors LLC acquired a new stake in Jagged Peak Energy during the first quarter worth approximately $12,202,000. Institutional investors own 17.07% of the company’s stock.

About Jagged Peak Energy

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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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