Wall Street analysts predict that Jagged Peak Energy Inc. (NYSE:JAG) will post earnings per share of $0.10 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Jagged Peak Energy’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.05. Jagged Peak Energy posted earnings of $0.02 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 400%. The firm is expected to announce its next quarterly earnings report on Thursday, March 22nd.

On average, analysts expect that Jagged Peak Energy will report full year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.29. For the next fiscal year, analysts expect that the business will report earnings of $0.53 per share, with EPS estimates ranging from $0.30 to $0.64. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Jagged Peak Energy had a negative net margin of 200.39% and a positive return on equity of 6.80%. The company had revenue of $70.45 million for the quarter, compared to analyst estimates of $72.50 million. Jagged Peak Energy’s revenue was up 219.3% on a year-over-year basis.

Several equities research analysts have recently issued reports on JAG shares. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Scotiabank reissued a “hold” rating and set a $16.00 target price on shares of Jagged Peak Energy in a research note on Wednesday. BMO Capital Markets set a $18.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Wolfe Research started coverage on shares of Jagged Peak Energy in a research note on Tuesday, November 14th. They set a “market perform” rating on the stock. Finally, Citigroup Inc. set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. Jagged Peak Energy presently has a consensus rating of “Buy” and an average price target of $17.72.

In other news, insider Shonn D. Stahlecker sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $15.04, for a total transaction of $1,504,000.00. Following the completion of the sale, the insider now owns 372,986 shares in the company, valued at approximately $5,609,709.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in shares of Jagged Peak Energy by 61.2% during the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock worth $102,000 after purchasing an additional 2,924 shares during the period. UBS Group AG purchased a new position in shares of Jagged Peak Energy during the 1st quarter worth approximately $111,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Jagged Peak Energy during the 2nd quarter worth approximately $153,000. Trexquant Investment LP purchased a new position in shares of Jagged Peak Energy during the 3rd quarter worth approximately $205,000. Finally, Bank of America Corp DE purchased a new position in shares of Jagged Peak Energy during the 1st quarter worth approximately $206,000. 18.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Jagged Peak Energy (NYSE:JAG) opened at $14.71 on Wednesday. Jagged Peak Energy has a 1-year low of $10.96 and a 1-year high of $15.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $3,098.14 and a price-to-earnings ratio of 76.58.

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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.

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

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