ValuEngine Upgrades Jagged Peak Energy (JAG) to “Hold”

ValuEngine upgraded shares of Jagged Peak Energy (NYSE:JAG) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other research analysts have also weighed in on JAG. Credit Suisse Group reduced their price objective on shares of Jagged Peak Energy from $17.00 to $16.00 and set a neutral rating on the stock in a research note on Tuesday, February 27th. KeyCorp reissued a buy rating and set a $17.00 price objective on shares of Jagged Peak Energy in a research note on Tuesday, February 27th. UBS Group started coverage on shares of Jagged Peak Energy in a research note on Wednesday, March 7th. They set a neutral rating and a $13.50 price objective on the stock. Bank of America reduced their price objective on shares of Jagged Peak Energy from $18.00 to $16.00 and set a buy rating on the stock in a research note on Thursday, March 8th. Finally, Citigroup lifted their price objective on shares of Jagged Peak Energy from $19.00 to $21.00 and gave the stock a buy rating in a research note on Friday, March 9th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Jagged Peak Energy currently has a consensus rating of Hold and a consensus target price of $16.19.

Shares of NYSE JAG opened at $12.44 on Friday. The stock has a market capitalization of $2.57 billion, a PE ratio of 47.85 and a beta of -1.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36. Jagged Peak Energy has a 1 year low of $10.55 and a 1 year high of $16.55.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Friday, May 11th. The mining company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Jagged Peak Energy had a negative net margin of 7.13% and a positive return on equity of 10.30%. The business had revenue of $129.05 million for the quarter, compared to analyst estimates of $117.42 million. During the same quarter last year, the firm earned ($0.42) EPS. Jagged Peak Energy’s quarterly revenue was up 227.6% compared to the same quarter last year. analysts expect that Jagged Peak Energy will post 0.27 EPS for the current year.

In other Jagged Peak Energy news, CFO Robert William Howard sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $14.14, for a total transaction of $707,000.00. Following the sale, the chief financial officer now directly owns 2,208,548 shares in the company, valued at approximately $31,228,868.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles D. Davidson bought 11,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were bought at an average price of $13.43 per share, for a total transaction of $147,730.00. The disclosure for this purchase can be found here. Insiders have sold a total of 96,875 shares of company stock worth $1,311,844 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. JBF Capital Inc. acquired a new stake in Jagged Peak Energy during the 1st quarter worth approximately $141,000. Jane Street Group LLC acquired a new stake in Jagged Peak Energy during the 4th quarter worth approximately $161,000. Prudential Financial Inc. acquired a new stake in Jagged Peak Energy during the 1st quarter worth approximately $168,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Jagged Peak Energy in the fourth quarter valued at approximately $186,000. Finally, Virtu Financial LLC acquired a new stake in shares of Jagged Peak Energy in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 26.92% 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, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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