Equities research analysts expect that Jagged Peak Energy Inc (NYSE:JAG) will report earnings per share of $0.17 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Jagged Peak Energy’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.19. Jagged Peak Energy reported earnings of $0.09 per share in the same quarter last year, which suggests a positive year over year growth rate of 88.9%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 28th.

According to Zacks, analysts expect that Jagged Peak Energy will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.71. For the next financial year, analysts expect that the company will post earnings of $0.77 per share, with EPS estimates ranging from $0.44 to $1.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings results on Friday, November 9th. The mining company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Jagged Peak Energy had a positive return on equity of 17.35% and a negative net margin of 1.48%. The firm had revenue of $155.40 million during the quarter, compared to the consensus estimate of $144.71 million. During the same period last year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 120.4% on a year-over-year basis.

JAG has been the subject of a number of recent research reports. National Alliance Securities started coverage on Jagged Peak Energy in a research report on Monday, October 22nd. They set a “hold” rating for the company. JPMorgan Chase & Co. lifted their price objective on Jagged Peak Energy from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday, October 8th. ValuEngine raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. BMO Capital Markets set a $15.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Finally, Zacks Investment Research raised Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.75.

In related news, EVP Christopher Humber sold 25,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $14.12, for a total transaction of $353,000.00. Following the completion of the sale, the executive vice president now directly owns 84,551 shares of the company’s stock, valued at approximately $1,193,860.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert William Howard sold 31,250 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $13.98, for a total value of $436,875.00. Following the sale, the chief financial officer now directly owns 2,011,673 shares of the company’s stock, valued at $28,123,188.54. The disclosure for this sale can be found here. Insiders sold a total of 87,500 shares of company stock valued at $1,202,063 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of Jagged Peak Energy by 4.1% in the second quarter. Raymond James & Associates now owns 123,969 shares of the mining company’s stock valued at $1,614,000 after acquiring an additional 4,928 shares during the last quarter. Strs Ohio boosted its stake in shares of Jagged Peak Energy by 9.9% in the second quarter. Strs Ohio now owns 67,800 shares of the mining company’s stock valued at $882,000 after buying an additional 6,100 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Jagged Peak Energy by 37.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock valued at $340,000 after buying an additional 6,654 shares during the period. Quantbot Technologies LP bought a new stake in shares of Jagged Peak Energy in the third quarter valued at approximately $105,000. Finally, Rhumbline Advisers lifted its stake in Jagged Peak Energy by 14.4% during the second quarter. Rhumbline Advisers now owns 62,134 shares of the mining company’s stock worth $809,000 after purchasing an additional 7,830 shares during the last quarter. Institutional investors and hedge funds own 28.84% of the company’s stock.

Shares of JAG stock traded up $0.15 during mid-day trading on Friday, reaching $11.21. The stock had a trading volume of 1,073,844 shares, compared to its average volume of 984,702. Jagged Peak Energy has a 12-month low of $10.55 and a 12-month high of $16.55. The stock has a market cap of $2.36 billion, a P/E ratio of 43.12 and a beta of -0.15. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.64.

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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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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