Jagged Peak Energy Inc. (JAG) Holdings Held by Harbor Advisors LLC
Harbor Advisors LLC maintained its position in shares of Jagged Peak Energy Inc. (NYSE:JAG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the mining company’s stock at the end of the second quarter. Harbor Advisors LLC’s holdings in Jagged Peak Energy were worth $200,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in shares of Jagged Peak Energy by 61.2% during the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock worth $102,000 after acquiring an additional 2,924 shares during the last quarter. UBS Group AG purchased a new stake in shares of Jagged Peak Energy during the first quarter worth about $111,000. Strs Ohio purchased a new stake in shares of Jagged Peak Energy during the first quarter worth about $122,000. Bank of America Corp DE purchased a new stake in shares of Jagged Peak Energy during the first quarter worth about $206,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Jagged Peak Energy by 9.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock worth $222,000 after acquiring an additional 1,375 shares during the last quarter. 17.10% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on JAG. Zacks Investment Research raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BMO Capital Markets set a $18.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Saturday, August 12th. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Seaport Global Securities initiated coverage on Jagged Peak Energy in a research note on Thursday, September 28th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Scotiabank set a $13.00 price target on Jagged Peak Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.81.
Shares of Jagged Peak Energy Inc. (JAG) traded up 0.74% during midday trading on Thursday, reaching $13.67. The company had a trading volume of 86,110 shares. Jagged Peak Energy Inc. has a 12 month low of $11.71 and a 12 month high of $15.08. The company’s market capitalization is $2.91 billion. The firm’s 50 day moving average price is $13.10 and its 200-day moving average price is $13.10.
Jagged Peak Energy (NYSE:JAG) last released 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 firm had revenue of $53.10 million for the quarter, compared to analyst estimates of $55.12 million. The company’s revenue was up 175.1% compared to the same quarter last year. Analysts anticipate that Jagged Peak Energy Inc. will post $0.08 earnings per share for the current fiscal year.
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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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