Jagged Peak Energy Inc (NYSE:JAG) – Seaport Global Securities dropped their Q1 2018 earnings per share estimates for Jagged Peak Energy in a note issued to investors on Monday, April 2nd. Seaport Global Securities analyst M. Kelly now anticipates that the mining company will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.10. Seaport Global Securities also issued estimates for Jagged Peak Energy’s Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.66 EPS.
Jagged Peak Energy (NYSE:JAG) last announced its earnings results on Thursday, March 22nd. The mining company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $104.40 million during the quarter, compared to analysts’ expectations of $100.42 million. Jagged Peak Energy had a positive return on equity of 8.28% and a negative net margin of 135.25%. The company’s revenue was up 319.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share.
JAG has been the subject of a number of other research reports. Royal Bank of Canada set a $18.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Bank of America decreased their target price on Jagged Peak Energy from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 8th. Stifel Nicolaus set a $16.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Credit Suisse Group decreased their target price on Jagged Peak Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, UBS started coverage on Jagged Peak Energy in a research report on Wednesday, March 7th. They set a “neutral” rating and a $13.50 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.61.
Shares of Jagged Peak Energy stock opened at $13.24 on Thursday. The company has a market cap of $2,921.41, a price-to-earnings ratio of 50.92 and a beta of -1.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.35. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $16.55.
In other news, EVP Mark R. Petry sold 444,067 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $12.47, for a total value of $5,537,515.49. Following the completion of the sale, the executive vice president now directly owns 1,632,501 shares of the company’s stock, valued at $20,357,287.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher Humber sold 2,664 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $12.97, for a total value of $34,552.08. The disclosure for this sale can be found here. Insiders sold 612,016 shares of company stock valued at $7,688,993 over the last three months.
Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Jagged Peak Energy in the fourth quarter valued at approximately $161,000. Stone Ridge Asset Management LLC bought a new position in Jagged Peak Energy in the fourth quarter worth $186,000. Trexquant Investment LP bought a new position in Jagged Peak Energy in the third quarter worth $205,000. Legal & General Group Plc lifted its position in Jagged Peak Energy by 96.8% in the third quarter. Legal & General Group Plc now owns 15,156 shares of the mining company’s stock worth $207,000 after purchasing an additional 7,454 shares during the period. Finally, Virtu Financial LLC bought a new position in Jagged Peak Energy in the fourth quarter worth $223,000. 23.89% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/07/jagged-peak-energy-inc-to-post-q1-2018-earnings-of-0-09-per-share-seaport-global-securities-forecasts-jag.html.
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.
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.