Jagged Peak Energy Inc (JAG) Expected to Announce Quarterly Sales of $151.57 Million

Brokerages expect Jagged Peak Energy Inc (NYSE:JAG) to announce sales of $151.57 million for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Jagged Peak Energy’s earnings, with the highest sales estimate coming in at $159.00 million and the lowest estimate coming in at $139.90 million. Jagged Peak Energy reported sales of $158.68 million during the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year sales of $645.41 million for the current financial year, with estimates ranging from $622.00 million to $672.20 million. For the next financial year, analysts expect that the firm will report sales of $846.05 million, with estimates ranging from $798.90 million to $917.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Thursday, May 9th. The mining company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The company had revenue of $129.60 million during the quarter, compared to the consensus estimate of $135.07 million. Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. Jagged Peak Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $15.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a report on Friday, May 10th. TheStreet upgraded shares of Jagged Peak Energy from a “d+” rating to a “c-” rating in a report on Monday, April 15th. SunTrust Banks assumed coverage on shares of Jagged Peak Energy in a report on Tuesday, April 2nd. They issued a “buy” rating and a $15.00 price objective on the stock. Imperial Capital restated an “outperform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Jagged Peak Energy in a report on Monday, March 4th. Finally, Cowen restated a “hold” rating and issued a $13.00 price objective on shares of Jagged Peak Energy in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.62.

In other news, insider Shonn D. Stahlecker sold 2,661 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total transaction of $28,792.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $10.28, for a total transaction of $82,240.00. Following the sale, the insider now owns 476,120 shares in the company, valued at approximately $4,894,513.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,784 shares of company stock worth $686,760. Corporate insiders own 0.98% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can boosted its holdings in Jagged Peak Energy by 145.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock worth $73,000 after purchasing an additional 4,947 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Jagged Peak Energy by 778.0% in the fourth quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock worth $80,000 after purchasing an additional 7,780 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Jagged Peak Energy in the first quarter worth approximately $150,000. BNP Paribas Arbitrage SA boosted its holdings in Jagged Peak Energy by 1,090.0% in the first quarter. BNP Paribas Arbitrage SA now owns 14,566 shares of the mining company’s stock worth $153,000 after purchasing an additional 13,342 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Jagged Peak Energy by 396.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,298 shares of the mining company’s stock worth $194,000 after purchasing an additional 17,005 shares during the last quarter. Institutional investors own 29.94% of the company’s stock.

JAG traded up $0.01 during midday trading on Monday, reaching $10.66. The company’s stock had a trading volume of 684,900 shares, compared to its average volume of 1,238,144. The stock has a market cap of $2.15 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 0.37. Jagged Peak Energy has a 1 year low of $8.47 and a 1 year high of $14.74.

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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