Jagged Peak Energy Inc (JAG) to Post Q1 2019 Earnings of $0.12 Per Share, Jefferies Financial Group Forecasts

Jagged Peak Energy Inc (NYSE:JAG) – Equities researchers at Jefferies Financial Group increased their Q1 2019 earnings estimates for Jagged Peak Energy in a research report issued on Monday, April 22nd. Jefferies Financial Group analyst M. Lear now expects that the mining company will earn $0.12 per share for the quarter, up from their previous estimate of $0.11. Jefferies Financial Group also issued estimates for Jagged Peak Energy’s Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.19 EPS, FY2019 earnings at $0.66 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.21 EPS and FY2020 earnings at $0.86 EPS.

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

Several other equities research analysts have also recently issued reports on JAG. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. TheStreet raised shares of 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 set a $13.00 price target on shares of Jagged Peak Energy in a research note on Wednesday, February 20th. Barclays set a $12.00 price target on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research note on Wednesday, January 16th. Finally, Imperial Capital reiterated an “outperform” rating and set a $16.00 price target (up from $14.00) on shares of Jagged Peak Energy in a research note on Monday, March 4th. One investment 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. Jagged Peak Energy has an average rating of “Hold” and a consensus price target of $14.92.

Jagged Peak Energy stock opened at $11.03 on Wednesday. The firm has a market cap of $2.36 billion, a PE ratio of 17.23, a PEG ratio of 1.56 and a beta of 0.90. Jagged Peak Energy has a 12-month low of $8.47 and a 12-month high of $14.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction on Friday, February 1st. The shares were sold at an average price of $10.76, for a total value of $86,080.00. Following the transaction, the insider now directly owns 428,368 shares in the company, valued at $4,609,239.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert William Howard sold 5,000 shares of Jagged Peak Energy stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $10.97, for a total transaction of $54,850.00. Following the completion of the transaction, the chief financial officer now owns 2,295,845 shares in the company, valued at $25,185,419.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,784 shares of company stock worth $904,200. 1.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of JAG. Alliancebernstein L.P. increased its stake in Jagged Peak Energy by 16.1% in the third quarter. Alliancebernstein L.P. now owns 91,500 shares of the mining company’s stock valued at $1,265,000 after purchasing an additional 12,700 shares during the period. BlackRock Inc. increased its stake in Jagged Peak Energy by 15.4% in the third quarter. BlackRock Inc. now owns 4,383,358 shares of the mining company’s stock valued at $60,621,000 after purchasing an additional 585,978 shares during the period. Credit Suisse AG increased its stake in Jagged Peak Energy by 383.0% in the third quarter. Credit Suisse AG now owns 110,225 shares of the mining company’s stock valued at $1,525,000 after purchasing an additional 87,403 shares during the period. Man Group plc increased its stake in Jagged Peak Energy by 39.4% in the third quarter. Man Group plc now owns 363,769 shares of the mining company’s stock valued at $5,031,000 after purchasing an additional 102,742 shares during the period. Finally, MetLife Investment Advisors LLC increased its stake in Jagged Peak Energy by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 44,355 shares of the mining company’s stock valued at $613,000 after purchasing an additional 15,784 shares during the period. Institutional investors 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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