Jagged Peak Energy Inc. (JAG) Expected to Announce Earnings of $0.10 Per Share
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.
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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