Jagged Peak Energy Inc. (NYSE:JAG) issued its quarterly earnings results on Wednesday. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by $0.03, Bloomberg Earnings reports. The business had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $55.12 million. The company’s revenue was up 175.1% compared to the same quarter last year.

Jagged Peak Energy (JAG) traded down 0.46% during mid-day trading on Wednesday, reaching $13.12. The company’s stock had a trading volume of 1,394,335 shares. The company’s market cap is $2.79 billion. Jagged Peak Energy has a 12 month low of $10.96 and a 12 month high of $15.19. The stock’s 50 day moving average is $13.41 and its 200 day moving average is $13.09.

Several brokerages have commented on JAG. Royal Bank Of Canada set a $19.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research cut shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Scotiabank set a $13.00 price target on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $14.00 price target on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research report on Monday, June 26th. Finally, KLR Group began coverage on shares of Jagged Peak Energy in a research report on Monday, June 19th. They issued a “buy” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $17.75.

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A number of institutional investors have recently modified their holdings of JAG. Oxford Asset Management bought a new position in shares of Jagged Peak Energy during the first quarter worth about $1,337,000. TD Asset Management Inc. bought a new position in shares of Jagged Peak Energy during the first quarter worth about $983,000. Wells Fargo & Company MN bought a new position in shares of Jagged Peak Energy during the first quarter worth about $757,000. Marshall Wace North America L.P. bought a new position in shares of Jagged Peak Energy during the first quarter worth about $1,040,000. Finally, UBS Oconnor LLC bought a new position in shares of Jagged Peak Energy during the first quarter worth about $7,634,000. Hedge funds and other institutional investors own 17.03% of the company’s stock.

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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