Citigroup Inc. Analysts Give Jagged Peak Energy Inc. (JAG) a $19.00 Price Target
Jagged Peak Energy Inc. (NYSE:JAG) has been assigned a $19.00 price objective by equities research analysts at Citigroup Inc. in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the mining company’s stock. Citigroup Inc.’s price target points to a potential upside of 55.99% from the company’s current price.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada set a $19.00 target price on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Scotiabank restated a “hold” rating on shares of Jagged Peak Energy in a research report on Monday, April 24th. BMO Capital Markets upgraded shares of Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Wednesday, July 12th. J P Morgan Chase & Co lowered their target price on shares of Jagged Peak Energy from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 31st. Finally, KLR Group began coverage on shares of Jagged Peak Energy in a research report on Monday, June 19th. They set a “buy” rating and a $21.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.88.
Shares of Jagged Peak Energy (NYSE JAG) traded down 1.355% on Tuesday, hitting $12.015. 100,233 shares of the stock were exchanged. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.19. The company’s 50 day moving average is $13.47 and its 200-day moving average is $13.08. The stock’s market cap is $2.56 billion.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The business’s revenue for the quarter was up 175.1% compared to the same quarter last year. Analysts predict that Jagged Peak Energy will post $0.08 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of JAG. Boston Partners bought a new stake in shares of Jagged Peak Energy during the first quarter valued at $75,074,000. Vanguard Group Inc. bought a new stake in shares of Jagged Peak Energy during the first quarter valued at $31,355,000. Goldman Sachs Group Inc. bought a new stake in shares of Jagged Peak Energy during the first quarter valued at $27,203,000. Teachers Advisors LLC bought a new stake in shares of Jagged Peak Energy during the first quarter valued at $13,363,000. Finally, Citadel Advisors LLC bought a new stake in shares of Jagged Peak Energy during the first quarter valued at $12,202,000. 17.20% of the stock is owned by hedge funds and other institutional investors.
About Jagged Peak Energy
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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