Wall Street brokerages expect Jagged Peak Energy Inc (NYSE:JAG) to post earnings of $0.15 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Jagged Peak Energy’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.21. Jagged Peak Energy posted earnings per share of $0.07 during the same quarter last year, which would indicate a positive year-over-year growth rate of 114.3%. The company is expected to announce its next earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that Jagged Peak Energy will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $1.03. For the next financial year, analysts expect that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.55 to $1.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Jagged Peak Energy.
Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, August 9th. The mining company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Jagged Peak Energy had a return on equity of 14.55% and a net margin of 0.70%. The company had revenue of $158.70 million during the quarter, compared to analysts’ expectations of $140.36 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 198.9% on a year-over-year basis.
A number of equities analysts have recently issued reports on JAG shares. ValuEngine downgraded Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Barclays started coverage on Jagged Peak Energy in a research note on Wednesday, August 29th. They set an “equal weight” rating and a $15.00 target price for the company. Credit Suisse Group increased their target price on Jagged Peak Energy from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. KLR Group reissued a “buy” rating and set a $19.00 target price on shares of Jagged Peak Energy in a research note on Monday, August 20th. Finally, JPMorgan Chase & Co. cut their target price on Jagged Peak Energy from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, May 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Jagged Peak Energy presently has a consensus rating of “Hold” and an average target price of $16.17.
In related news, CFO Robert William Howard sold 31,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $13.11, for a total value of $409,687.50. Following the completion of the transaction, the chief financial officer now directly owns 2,074,173 shares of the company’s stock, valued at approximately $27,192,408.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 78,125 shares of company stock valued at $1,043,281 over the last ninety days. 1.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JBF Capital Inc. purchased a new position in Jagged Peak Energy in the 1st quarter valued at approximately $141,000. Prudential Financial Inc. purchased a new position in Jagged Peak Energy in the 1st quarter valued at approximately $168,000. Schroder Investment Management Group purchased a new position in Jagged Peak Energy in the 1st quarter valued at approximately $225,000. Trexquant Investment LP purchased a new position in Jagged Peak Energy in the 2nd quarter valued at approximately $283,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Jagged Peak Energy in the 2nd quarter valued at approximately $309,000. 33.64% of the stock is owned by hedge funds and other institutional investors.
Jagged Peak Energy stock traded up $0.21 during mid-day trading on Monday, reaching $13.48. 1,559,700 shares of the company were exchanged, compared to its average volume of 1,427,252. Jagged Peak Energy has a twelve month low of $10.55 and a twelve month high of $16.55. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 51.04 and a beta of -1.16.
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, 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.
Recommended Story: What is intrinsic value?
Get a free copy of the Zacks research report on Jagged Peak Energy (JAG)
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.