Equities research analysts expect Jagged Peak Energy Inc (NYSE:JAG) to post sales of $159.02 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Jagged Peak Energy’s earnings, with estimates ranging from $152.40 million to $171.29 million. Jagged Peak Energy reported sales of $104.42 million during the same quarter last year, which indicates a positive year over year growth rate of 52.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 28th.

On average, analysts expect that Jagged Peak Energy will report full year sales of $588.22 million for the current year, with estimates ranging from $557.00 million to $614.39 million. For the next financial year, analysts expect that the firm will report sales of $709.18 million, with estimates ranging from $546.50 million to $812.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Friday, November 9th. The mining company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $155.40 million during the quarter, compared to analyst estimates of $144.71 million. Jagged Peak Energy had a positive return on equity of 17.35% and a negative net margin of 1.48%. The business’s quarterly revenue was up 120.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share.

A number of analysts have recently weighed in on JAG shares. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. 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 price objective for the company. Stifel Nicolaus increased their price objective on Jagged Peak Energy from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Cowen started coverage on Jagged Peak Energy in a research note on Thursday, November 29th. They set a “market perform” rating for the company. Finally, Zacks Investment Research raised Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.04.

In related news, EVP Christopher Humber sold 25,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $14.12, for a total value of $353,000.00. Following the completion of the sale, the executive vice president now owns 84,551 shares of the company’s stock, valued at $1,193,860.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert William Howard sold 31,250 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $13.98, for a total value of $436,875.00. Following the completion of the sale, the chief financial officer now directly owns 2,011,673 shares of the company’s stock, valued at approximately $28,123,188.54. The disclosure for this sale can be found here. Insiders sold 87,500 shares of company stock valued at $1,202,063 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates lifted its position in Jagged Peak Energy by 4.1% during the second quarter. Raymond James & Associates now owns 123,969 shares of the mining company’s stock valued at $1,614,000 after buying an additional 4,928 shares during the period. Strs Ohio increased its holdings in Jagged Peak Energy by 9.9% in the 2nd quarter. Strs Ohio now owns 67,800 shares of the mining company’s stock worth $882,000 after buying an additional 6,100 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Jagged Peak Energy by 37.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock worth $340,000 after buying an additional 6,654 shares in the last quarter. Quantbot Technologies LP bought a new stake in Jagged Peak Energy in the 3rd quarter worth about $105,000. Finally, Rhumbline Advisers increased its holdings in Jagged Peak Energy by 14.4% in the 2nd quarter. Rhumbline Advisers now owns 62,134 shares of the mining company’s stock worth $809,000 after buying an additional 7,830 shares in the last quarter. 28.84% of the stock is owned by institutional investors.

Shares of NYSE:JAG traded down $0.68 during trading on Monday, reaching $11.06. 1,002,000 shares of the company traded hands, compared to its average volume of 1,365,079. The firm has a market cap of $2.50 billion, a PE ratio of 42.54 and a beta of -0.15. Jagged Peak Energy has a 52-week low of $10.55 and a 52-week high of $16.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 0.72.

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.

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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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