Jagged Peak Energy’s (JAG) Buy Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada restated their buy rating on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a report released on Friday. They currently have a $17.00 price objective on the mining company’s stock.
A number of other brokerages have also recently weighed in on JAG. Citigroup Inc. set a $19.00 price objective on shares of Jagged Peak Energy and gave the stock a buy rating in a research note on Tuesday, August 15th. 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 for the company in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Jagged Peak Energy from a sell rating to a hold rating in a research note on Wednesday, September 20th. Bank of America Corporation started coverage on shares of Jagged Peak Energy in a research note on Monday, October 16th. They set a buy rating for the company. Finally, Imperial Capital started coverage on shares of Jagged Peak Energy in a research note on Thursday, October 12th. They set an outperform rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Jagged Peak Energy currently has a consensus rating of Buy and a consensus target price of $17.61.
Shares of Jagged Peak Energy (JAG) opened at $15.11 on Friday.
Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 earnings per share for the quarter, missing the Zacks’ 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 firm’s revenue was up 175.1% compared to the same quarter last year. equities analysts predict that Jagged Peak Energy will post 0.28 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in JAG. Legal & General Group Plc increased its holdings in Jagged Peak Energy by 61.2% in the 2nd quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after buying an additional 2,924 shares during the period. UBS Group AG bought a new stake in Jagged Peak Energy in the 1st quarter valued at $111,000. Dynamic Technology Lab Private Ltd bought a new stake in Jagged Peak Energy in the 2nd quarter valued at $153,000. Bank of America Corp DE bought a new stake in Jagged Peak Energy in the 1st quarter valued at $206,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Jagged Peak Energy by 9.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after buying an additional 1,375 shares during the period. 17.13% of the stock is currently 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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