JPMorgan Chase & Co. Analysts Give Jagged Peak Energy (JAG) a $13.00 Price Target

Jagged Peak Energy (NYSE:JAG) has been assigned a $13.00 price objective by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the mining company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 12.46% from the company’s current price.

JAG has been the topic of a number of other research reports. National Alliance Securities began coverage on Jagged Peak Energy in a research note on Monday, October 22nd. They set a “hold” rating on the stock. ValuEngine upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. BMO Capital Markets set a $15.00 price target on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Zacks Investment Research upgraded Jagged Peak Energy from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, October 11th. Finally, Stifel Nicolaus increased their price objective on Jagged Peak Energy from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Jagged Peak Energy has a consensus rating of “Hold” and an average price target of $15.75.

NYSE:JAG traded up $0.50 during mid-day trading on Friday, reaching $11.56. 14,465 shares of the stock were exchanged, compared to its average volume of 1,020,507. The company has a market capitalization of $2.50 billion, a PE ratio of 44.27 and a beta of -0.15. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.64. Jagged Peak Energy has a 1 year low of $10.55 and a 1 year high of $16.55.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Friday, November 9th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $155.40 million for the quarter, compared to the consensus estimate of $144.71 million. Jagged Peak Energy had a positive return on equity of 17.35% and a negative net margin of 1.48%. The firm’s quarterly revenue was up 120.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) EPS. As a group, sell-side analysts anticipate that Jagged Peak Energy will post 0.4 EPS for the current fiscal year.

In other news, CFO Robert William Howard sold 31,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $13.19, for a total value of $412,187.50. Following the completion of the sale, the chief financial officer now directly owns 2,042,923 shares of the company’s stock, valued at approximately $26,946,154.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher Humber sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $14.12, for a total value of $353,000.00. Following the completion of the sale, the executive vice president now directly owns 84,551 shares of the company’s stock, valued at $1,193,860.12. The disclosure for this sale can be found here. Insiders have sold a total of 87,500 shares of company stock valued at $1,202,063 over the last ninety days. 1.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Jagged Peak Energy by 15.5% in the 2nd quarter. BlackRock Inc. now owns 3,797,380 shares of the mining company’s stock valued at $49,441,000 after buying an additional 510,513 shares during the period. Trexquant Investment LP acquired a new stake in shares of Jagged Peak Energy in the 2nd quarter valued at approximately $283,000. James Investment Research Inc. acquired a new stake in shares of Jagged Peak Energy in the 3rd quarter valued at approximately $2,045,000. Dimensional Fund Advisors LP acquired a new stake in shares of Jagged Peak Energy in the 2nd quarter valued at approximately $2,124,000. Finally, Northern Trust Corp lifted its holdings in shares of Jagged Peak Energy by 26.5% in the 2nd quarter. Northern Trust Corp now owns 741,991 shares of the mining company’s stock valued at $9,661,000 after buying an additional 155,408 shares during the period. 28.84% of the stock is owned by institutional investors and hedge funds.

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, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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