Jagged Peak Energy Inc (JAG) Given Buy Rating at Royal Bank of Canada

Royal Bank of Canada restated their buy rating on shares of Jagged Peak Energy Inc (NYSE:JAG) in a research note released on Friday. They currently have a $20.00 price target on the mining company’s stock.

JAG has been the subject of a number of other research reports. Stifel Nicolaus assumed coverage on shares of Jagged Peak Energy in a report on Wednesday, March 15th. They issued a buy rating and a $15.00 price objective for the company. Susquehanna Bancshares Inc assumed coverage on shares of Jagged Peak Energy in a report on Monday, February 13th. They issued a positive rating and a $20.00 price objective for the company. Credit Suisse Group AG assumed coverage on shares of Jagged Peak Energy in a report on Tuesday, February 21st. They issued an outperform rating and a $20.00 price objective for the company. Scotiabank assumed coverage on shares of Jagged Peak Energy in a report on Wednesday, March 8th. They issued a hold rating for the company. Finally, BMO Capital Markets reiterated a hold rating and issued a $17.00 price objective on shares of Jagged Peak Energy in a report on Wednesday, March 22nd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $19.08.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

Shares of Jagged Peak Energy (NYSE:JAG) traded down 3.33% during midday trading on Friday, hitting $11.90. 332,232 shares of the stock traded hands. Jagged Peak Energy has a 52 week low of $11.67 and a 52 week high of $15.08. The company’s market capitalization is $2.53 billion. The firm’s 50-day moving average is $13.39 and its 200 day moving average is $13.54.

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In other Jagged Peak Energy news, Director John R. Sult purchased 25,000 shares of Jagged Peak Energy stock in a transaction that occurred on Wednesday, February 1st. The stock was acquired at an average price of $15.00 per share, with a total value of $375,000.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $375,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roger L. Jarvis purchased 10,000 shares of Jagged Peak Energy stock in a transaction that occurred on Friday, January 27th. The stock was acquired at an average cost of $14.15 per share, with a total value of $141,500.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $141,500. The disclosure for this purchase can be found here.

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.

5 Day Chart for NYSE:JAG

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