Zacks: Analysts Anticipate Jagged Peak Energy Inc. (JAG) Will Announce Earnings of $0.07 Per Share

Equities analysts forecast that Jagged Peak Energy Inc. (NYSE:JAG) will post earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Jagged Peak Energy’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.05. The firm is expected to issue its next earnings report on Thursday, August 10th.

On average, analysts expect that Jagged Peak Energy will report full-year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.54. For the next fiscal year, analysts forecast that the business will report earnings of $0.97 per share, with EPS estimates ranging from $0.63 to $1.49. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Jagged Peak Energy.

Several research analysts recently weighed in on JAG shares. Royal Bank Of Canada set a $19.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Wells Fargo & Co initiated coverage on shares of Jagged Peak Energy in a research note on Tuesday, February 21st. They issued an “outperform” rating and a $23.00 price target on the stock. Credit Suisse Group cut their price target on shares of Jagged Peak Energy from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 28th. Scotiabank reaffirmed a “hold” rating on shares of Jagged Peak Energy in a research note on Monday, April 24th. Finally, Howard Weil initiated coverage on shares of Jagged Peak Energy in a research note on Wednesday, March 8th. They issued a “sector perform” rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.14.

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Shares of Jagged Peak Energy (NYSE JAG) traded down 0.78% during midday trading on Tuesday, hitting $12.66. 336,567 shares of the company traded hands. The stock’s market capitalization is $2.70 billion. Jagged Peak Energy has a 12-month low of $10.96 and a 12-month high of $15.08. The stock’s 50-day moving average is $12.76 and its 200 day moving average is $12.98.

Institutional investors have recently modified their holdings of the company. UBS Group AG purchased a new position in shares of Jagged Peak Energy during the first quarter worth $111,000. Strs Ohio purchased a new position in shares of Jagged Peak Energy during the first quarter worth $122,000. Harbor Advisors LLC purchased a new position in shares of Jagged Peak Energy during the first quarter worth $196,000. Bank of America Corp DE purchased a new position in shares of Jagged Peak Energy during the first quarter worth $206,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Jagged Peak Energy during the first quarter worth $242,000. Institutional investors and hedge funds own 17.07% of the company’s stock.

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‚Äôs 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JAG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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