Brokerages Set Jagged Peak Energy Inc (JAG) Price Target at $19.08

Shares of Jagged Peak Energy Inc (NYSE:JAG) have been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.08.

A number of equities analysts have weighed in on JAG shares. Howard Weil started coverage on Jagged Peak Energy in a research note on Wednesday, March 8th. They issued a “sector perform” rating and a $17.00 target price on the stock. Goldman Sachs Group Inc started coverage on Jagged Peak Energy in a research note on Tuesday, February 21st. They issued a “buy” rating and a $19.00 target price on the stock. Stifel Nicolaus started coverage on Jagged Peak Energy in a research note on Wednesday, March 15th. They issued a “buy” rating and a $15.00 target price on the stock. Credit Suisse Group AG started coverage on Jagged Peak Energy in a research note on Tuesday, February 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, Susquehanna Bancshares Inc started coverage on Jagged Peak Energy in a research note on Monday, February 13th. They issued a “positive” rating and a $20.00 target price on the stock.

Shares of Jagged Peak Energy (NYSE:JAG) opened at 11.85 on Thursday. The company’s market capitalization is $2.52 billion. Jagged Peak Energy has a one year low of $11.67 and a one year high of $15.08. The firm has a 50-day moving average price of $13.31 and a 200-day moving average price of $13.50.

In other news, Director Roger L. Jarvis acquired 10,000 shares of the business’s stock in a transaction dated Friday, January 27th. The stock was purchased at an average cost of $14.15 per share, for a total transaction of $141,500.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $141,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John R. Sult acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was purchased at an average price of $15.00 per share, with a total value of $375,000.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $375,000. The disclosure for this purchase can be found here.

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Jagged Peak Energy Company Profile

Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.

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