Zacks: Brokerages Anticipate Jagged Peak Energy Inc (JAG) to Post $0.12 Earnings Per Share

Brokerages forecast that Jagged Peak Energy Inc (NYSE:JAG) will report earnings of $0.12 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Jagged Peak Energy’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.15. Jagged Peak Energy also reported earnings of $0.12 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 9th.

On average, analysts expect that Jagged Peak Energy will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.69. For the next year, analysts forecast that the business will report earnings of $0.98 per share, with EPS estimates ranging from $0.81 to $1.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings data on Thursday, February 28th. The mining company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $138.54 million during the quarter, compared to analyst estimates of $151.13 million. Jagged Peak Energy had a return on equity of 17.00% and a net margin of 28.45%.

A number of analysts recently commented on the company. TheStreet upgraded Jagged Peak Energy from a “d+” rating to a “c-” rating in a research report on Monday, April 15th. Cowen reiterated a “hold” rating and issued a $13.00 price objective on shares of Jagged Peak Energy in a research report on Wednesday, February 20th. SunTrust Banks assumed coverage on Jagged Peak Energy in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $16.00 price objective (up from $14.00) on shares of Jagged Peak Energy in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.92.

JAG stock traded down $0.04 during midday trading on Thursday, reaching $10.93. The stock had a trading volume of 615,771 shares, compared to its average volume of 1,138,494. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.54 and a beta of 0.90. Jagged Peak Energy has a twelve month low of $8.47 and a twelve month high of $14.92.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $10.02, for a total transaction of $80,160.00. Following the transaction, the insider now owns 492,120 shares in the company, valued at $4,931,042.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James J. Kleckner sold 4,107 shares of Jagged Peak Energy stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $10.89, for a total value of $44,725.23. Following the transaction, the director now owns 270,821 shares in the company, valued at approximately $2,949,240.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,784 shares of company stock worth $904,200. Company insiders own 1.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JAG. Great West Life Assurance Co. Can lifted its holdings in shares of Jagged Peak Energy by 145.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock valued at $73,000 after purchasing an additional 4,947 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Jagged Peak Energy by 778.0% during the 4th quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock valued at $80,000 after purchasing an additional 7,780 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Jagged Peak Energy by 396.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 21,298 shares of the mining company’s stock valued at $194,000 after purchasing an additional 17,005 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Jagged Peak Energy by 7.9% during the 4th quarter. Legal & General Group Plc now owns 23,353 shares of the mining company’s stock valued at $213,000 after purchasing an additional 1,716 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Jagged Peak Energy during the 3rd quarter valued at about $225,000. Institutional investors and hedge funds own 29.75% of the company’s stock.

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, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.

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

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