Jagged Peak Energy (JAG) PT Set at $15.00 by Stifel Nicolaus

Jagged Peak Energy (NYSE:JAG) received a $15.00 price objective from equities researchers at Stifel Nicolaus in a research note issued on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 39.53% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Cowen reiterated a “hold” rating and issued a $13.00 target price on shares of Jagged Peak Energy in a research note on Wednesday, February 20th. SunTrust Banks started coverage on Jagged Peak Energy in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $15.00 target price for the company. Barclays set a $12.00 target price on Jagged Peak Energy and gave the company a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, TheStreet lowered Jagged Peak Energy from a “c-” rating to a “d+” rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Jagged Peak Energy has a consensus rating of “Hold” and an average target price of $14.62.

Shares of NYSE:JAG traded down $0.33 on Friday, hitting $10.75. The company had a trading volume of 3,444,523 shares, compared to its average volume of 971,092. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.52. Jagged Peak Energy has a 52-week low of $8.47 and a 52-week high of $14.74. The company has a market capitalization of $2.29 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.56 and a beta of 0.89.

Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Jagged Peak Energy had a net margin of 18.89% and a return on equity of 15.54%. The company had revenue of $129.60 million during the quarter, compared to analysts’ expectations of $135.07 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Jagged Peak Energy will post 0.64 earnings per share for the current year.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the company’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 completion of the sale, the insider now directly owns 492,120 shares in the company, valued at $4,931,042.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert William Howard sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $10.97, for a total value of $54,850.00. Following the sale, the chief financial officer now owns 2,295,845 shares of the company’s stock, valued at $25,185,419.65. The disclosure for this sale can be found here. Insiders sold 84,784 shares of company stock valued at $900,360 over the last quarter. Insiders own 0.98% of the company’s stock.

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. increased its stake in Jagged Peak Energy by 778.0% during the fourth quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock worth $80,000 after acquiring an additional 7,780 shares during the last quarter. Eaton Vance Management increased its stake in Jagged Peak Energy by 22.9% during the fourth quarter. Eaton Vance Management now owns 133,148 shares of the mining company’s stock worth $1,214,000 after acquiring an additional 24,806 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Jagged Peak Energy by 145.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock worth $73,000 after acquiring an additional 4,947 shares during the last quarter. Vanguard Group Inc increased its stake in Jagged Peak Energy by 8.0% during the third quarter. Vanguard Group Inc now owns 4,856,754 shares of the mining company’s stock worth $67,168,000 after acquiring an additional 361,484 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Jagged Peak Energy by 37.6% during the third quarter. Teachers Advisors LLC now owns 158,163 shares of the mining company’s stock worth $2,187,000 after acquiring an additional 43,215 shares during the last quarter. Institutional investors own 30.00% of the company’s stock.

Jagged Peak Energy Company Profile

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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Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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