Jagged Peak Energy Inc (NYSE:JAG) – Research analysts at Seaport Global Securities upped their Q2 2020 earnings estimates for shares of Jagged Peak Energy in a report issued on Thursday, October 10th. Seaport Global Securities analyst M. Kelly now anticipates that the mining company will post earnings per share of $0.15 for the quarter, up from their prior forecast of $0.14. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Jagged Peak Energy’s Q3 2020 earnings at $0.16 EPS.
Several other research firms have also recently weighed in on JAG. Williams Capital cut Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a research report on Tuesday. Williams Financial Group cut Jagged Peak Energy from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research report on Tuesday. Barclays lowered their price objective on Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Nomura started coverage on Jagged Peak Energy in a research report on Tuesday, July 9th. They set an “overweight” rating on the stock. Finally, ValuEngine upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Jagged Peak Energy presently has an average rating of “Hold” and an average target price of $11.87.
JAG stock opened at $6.91 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 10.14 and a beta of 1.09. The business’s fifty day moving average price is $7.21 and its two-hundred day moving average price is $8.43. Jagged Peak Energy has a fifty-two week low of $5.80 and a fifty-two week high of $14.26.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, August 8th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $146.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS.
In related news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction 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 owns 452,120 shares in the company, valued at $3,024,682.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in Jagged Peak Energy by 1,314.3% in the second quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock valued at $45,000 after buying an additional 5,152 shares in the last quarter. Royal Bank of Canada boosted its stake in Jagged Peak Energy by 5,513.3% in the second quarter. Royal Bank of Canada now owns 8,027 shares of the mining company’s stock valued at $66,000 after buying an additional 7,884 shares in the last quarter. Quantamental Technologies LLC boosted its stake in Jagged Peak Energy by 1,183.6% in the second quarter. Quantamental Technologies LLC now owns 8,985 shares of the mining company’s stock valued at $74,000 after buying an additional 8,285 shares in the last quarter. Denali Advisors LLC acquired a new stake in Jagged Peak Energy in the second quarter valued at about $79,000. Finally, WINTON GROUP Ltd acquired a new stake in Jagged Peak Energy in the second quarter valued at about $92,000. Institutional investors own 29.64% 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.
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