Q3 2017 EPS Estimates for Jagged Peak Energy Inc. Cut by Analyst (NYSE:JAG)
Jagged Peak Energy Inc. (NYSE:JAG) – Equities research analysts at KeyCorp decreased their Q3 2017 EPS estimates for shares of Jagged Peak Energy in a research note issued on Wednesday. KeyCorp analyst C. Stevens now expects that the mining company will earn $0.08 per share for the quarter, down from their previous estimate of $0.10. KeyCorp also issued estimates for Jagged Peak Energy’s Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.65 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, June 20th. KLR Group started coverage on shares of Jagged Peak Energy in a report on Monday, June 19th. They set a “buy” rating and a $21.00 target price on the stock. 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 note on Saturday, June 3rd. Citigroup Inc. decreased their price target on shares of Jagged Peak Energy from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Scotiabank set a $13.00 price target on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.75.
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Jagged Peak Energy (JAG) opened at 12.69 on Friday. The stock’s market capitalization is $2.70 billion. Jagged Peak Energy has a 12 month low of $10.96 and a 12 month high of $15.19. The company’s 50-day moving average is $13.45 and its 200-day moving average is $13.09.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $55.12 million. The company’s quarterly revenue was up 175.1% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of the company. Oxford Asset Management acquired a new position in shares of Jagged Peak Energy during the first quarter valued at $1,337,000. TD Asset Management Inc. purchased a new position in Jagged Peak Energy during the first quarter valued at $983,000. Wells Fargo & Company MN purchased a new position in Jagged Peak Energy during the first quarter valued at $757,000. Marshall Wace North America L.P. purchased a new position in Jagged Peak Energy during the first quarter valued at $1,040,000. Finally, UBS Oconnor LLC purchased a new position in Jagged Peak Energy during the first quarter valued at $7,634,000. 17.03% of the stock is owned by 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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