UBS Group AG Invests $111,000 in Jagged Peak Energy Inc. (JAG)
UBS Group AG purchased a new position in Jagged Peak Energy Inc. (NYSE:JAG) during the first quarter, Holdings Channel reports. The fund purchased 8,506 shares of the mining company’s stock, valued at approximately $111,000.
Other hedge funds also recently modified their holdings of the company. Oxford Asset Management bought a new stake in shares of Jagged Peak Energy during the first quarter worth approximately $1,337,000. TD Asset Management Inc. acquired a new position in Jagged Peak Energy during the first quarter valued at about $983,000. Wells Fargo & Company MN acquired a new position in Jagged Peak Energy during the first quarter valued at about $757,000. Marshall Wace North America L.P. acquired a new position in Jagged Peak Energy during the first quarter valued at about $1,040,000. Finally, L & S Advisors Inc acquired a new position in Jagged Peak Energy during the first quarter valued at about $464,000. 17.20% of the stock is currently owned by hedge funds and other institutional investors.
Jagged Peak Energy Inc. (JAG) traded down 2.97% during trading on Monday, hitting $12.41. The stock had a trading volume of 145,744 shares. The stock’s market cap is $2.64 billion. The firm has a 50 day moving average of $13.48 and a 200-day moving average of $13.09. Jagged Peak Energy Inc. has a 12 month low of $10.96 and a 12 month high of $15.19.
Jagged Peak Energy (NYSE:JAG) last released its earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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. Jagged Peak Energy’s revenue was up 175.1% on a year-over-year basis. Equities analysts predict that Jagged Peak Energy Inc. will post $0.08 earnings per share for the current year.
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Several equities analysts recently issued reports on JAG shares. Scotiabank reaffirmed a “hold” rating on shares of Jagged Peak Energy in a research report on Monday, April 24th. Royal Bank Of Canada set a $19.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research cut Jagged Peak Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. BMO Capital Markets set a $15.00 price objective on Jagged Peak Energy and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, J P Morgan Chase & Co lowered their price objective on Jagged Peak Energy from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Jagged Peak Energy presently has a consensus rating of “Buy” and a consensus price target of $17.81.
Jagged Peak Energy Company Profile
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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