UBS Group Cuts Jagged Peak Energy (NYSE:JAG) Price Target to $9.00

Jagged Peak Energy (NYSE:JAG) had its price objective reduced by UBS Group from $10.00 to $9.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the mining company’s stock.

Other research analysts also recently issued research reports about the company. Williams Capital downgraded Jagged Peak Energy from a buy rating to a hold rating and set a $8.00 price target for the company. in a research note on Tuesday, October 15th. Piper Jaffray Companies set a $10.00 price target on Jagged Peak Energy and gave the stock a buy rating in a research note on Friday, August 16th. Seaport Global Securities downgraded Jagged Peak Energy from a buy rating to a neutral rating in a research note on Thursday, October 10th. ValuEngine raised Jagged Peak Energy from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks cut their price target on Jagged Peak Energy from $12.00 to $10.00 and set a buy rating for the company in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $11.38.

Shares of NYSE:JAG traded down $0.39 during midday trading on Thursday, hitting $6.77. 4,074,662 shares of the stock were exchanged, compared to its average volume of 5,510,258. The stock has a market cap of $1.53 billion, a P/E ratio of 10.58, a PEG ratio of 10.74 and a beta of 1.09. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Jagged Peak Energy has a twelve month low of $5.80 and a twelve month high of $13.95. The company has a 50 day moving average price of $7.24 and a 200-day moving average price of $8.37.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $146.80 million for the quarter, compared to analyst estimates of $143.30 million. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. On average, equities research analysts expect that Jagged Peak Energy will post 0.49 earnings per share for the current year.

In related news, insider Shonn D. Stahlecker sold 8,000 shares of Jagged Peak Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $6.69, for a total transaction of $53,520.00. Following the completion of the sale, the insider now owns 452,120 shares in the company, valued at approximately $3,024,682.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.98% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in Jagged Peak Energy by 1,314.3% in the 2nd quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock valued at $45,000 after buying an additional 5,152 shares during the period. Royal Bank of Canada grew its holdings in Jagged Peak Energy by 5,513.3% in the 2nd quarter. Royal Bank of Canada now owns 8,027 shares of the mining company’s stock valued at $66,000 after buying an additional 7,884 shares during the period. Quantamental Technologies LLC grew its holdings in Jagged Peak Energy by 1,183.6% in the 2nd quarter. Quantamental Technologies LLC now owns 8,985 shares of the mining company’s stock valued at $74,000 after buying an additional 8,285 shares during the period. Denali Advisors LLC purchased a new stake in Jagged Peak Energy in the 2nd quarter valued at about $79,000. Finally, WINTON GROUP Ltd purchased a new stake in Jagged Peak Energy in the 2nd quarter valued at about $92,000. Hedge funds and other institutional investors own 29.64% of the company’s stock.

Jagged Peak Energy Company Profile

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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Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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