Seaport Global Securities began coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a research note published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $16.00 price target on the mining company’s stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Jagged Peak Energy from a hold rating to a sell rating in a research report on Wednesday, July 26th. Citigroup Inc. reduced their price objective on shares of Jagged Peak Energy from $19.00 to $18.00 and set a buy rating for the company in a research report on Thursday, July 13th. BMO Capital Markets raised shares of Jagged Peak Energy from a market perform rating to an outperform rating and set a $17.00 price objective for the company in a research report on Wednesday, July 12th. Royal Bank Of Canada set a $19.00 price objective on shares of Jagged Peak Energy and gave the stock a buy rating in a research report on Saturday, June 3rd. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a $19.00 price objective on shares of Jagged Peak Energy in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $17.65.

Jagged Peak Energy (NYSE:JAG) opened at 13.66 on Thursday. Jagged Peak Energy has a one year low of $11.71 and a one year high of $15.08. The company’s market cap is $2.91 billion. The stock has a 50 day moving average price of $12.38 and a 200 day moving average price of $12.38.

Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Wednesday, August 9th. The mining company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The company’s revenue for the quarter was up 175.1% on a year-over-year basis. On average, equities analysts anticipate that Jagged Peak Energy will post $0.08 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in Jagged Peak Energy by 6.6% in the 2nd quarter. Boston Partners now owns 6,136,033 shares of the mining company’s stock worth $81,916,000 after buying an additional 378,822 shares during the period. Franklin Resources Inc. boosted its holdings in Jagged Peak Energy by 3.9% in the 2nd quarter. Franklin Resources Inc. now owns 2,724,540 shares of the mining company’s stock worth $36,373,000 after buying an additional 101,400 shares during the period. Vanguard Group Inc. boosted its holdings in Jagged Peak Energy by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,580,145 shares of the mining company’s stock worth $34,445,000 after buying an additional 175,591 shares during the period. Goldman Sachs Group Inc. bought a new position in Jagged Peak Energy in the 1st quarter worth approximately $27,203,000. Finally, Citadel Advisors LLC boosted its holdings in Jagged Peak Energy by 60.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,498,739 shares of the mining company’s stock worth $20,008,000 after buying an additional 563,031 shares during the period. 17.10% of the stock is owned by institutional investors.

Jagged Peak Energy Company Profile

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.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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