KLR Group reaffirmed their buy rating on shares of Jagged Peak Energy (NYSE:JAG) in a report issued on Monday. They currently have a $19.00 price target on the mining company’s stock.

A number of other research analysts have also issued reports on JAG. ValuEngine upgraded Jagged Peak Energy from a sell rating to a hold rating in a research report on Friday, June 22nd. Stifel Nicolaus boosted their price target on Jagged Peak Energy from $18.00 to $19.00 and gave the stock a buy rating in a research report on Friday, August 10th. BMO Capital Markets set a $16.00 price target on Jagged Peak Energy and gave the stock a buy rating in a research report on Sunday, August 12th. JPMorgan Chase & Co. reduced their price target on Jagged Peak Energy from $17.00 to $15.00 and set an overweight rating for the company in a research report on Tuesday, May 22nd. Finally, Zacks Investment Research upgraded Jagged Peak Energy from a sell rating to a hold rating in a research report on Tuesday, May 15th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Jagged Peak Energy currently has an average rating of Buy and a consensus target price of $16.25.

Shares of JAG stock opened at $12.86 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.62. Jagged Peak Energy has a 1 year low of $10.55 and a 1 year high of $16.55. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 27.00 and a beta of -1.04.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Thursday, August 9th. The mining company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.07. Jagged Peak Energy had a return on equity of 14.55% and a net margin of 0.70%. The company had revenue of $158.70 million during the quarter, compared to analyst estimates of $140.36 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 198.9% on a year-over-year basis. equities analysts expect that Jagged Peak Energy will post 0.23 EPS for the current year.

In other news, CFO Robert William Howard sold 15,625 shares of the business’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $14.17, for a total value of $221,406.25. Following the sale, the chief financial officer now owns 2,105,423 shares of the company’s stock, valued at approximately $29,833,843.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new stake in shares of Jagged Peak Energy in the 4th quarter worth $451,000. JPMorgan Chase & Co. raised its position in shares of Jagged Peak Energy by 69.2% during the first quarter. JPMorgan Chase & Co. now owns 1,882,697 shares of the mining company’s stock worth $26,603,000 after purchasing an additional 770,313 shares during the period. Legal & General Group Plc raised its position in shares of Jagged Peak Energy by 72.3% during the first quarter. Legal & General Group Plc now owns 23,513 shares of the mining company’s stock worth $333,000 after purchasing an additional 9,869 shares during the period. Deutsche Bank AG raised its position in shares of Jagged Peak Energy by 104.9% during the fourth quarter. Deutsche Bank AG now owns 157,903 shares of the mining company’s stock worth $2,490,000 after purchasing an additional 80,831 shares during the period. Finally, BlackRock Inc. raised its position in shares of Jagged Peak Energy by 0.3% during the first quarter. BlackRock Inc. now owns 3,286,867 shares of the mining company’s stock worth $46,443,000 after purchasing an additional 9,966 shares during the period. 31.76% of the stock is currently owned by institutional investors.

About Jagged Peak Energy

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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