Jagged Peak Energy Inc (JAG) Expected to Post Earnings of $0.13 Per Share

Equities research analysts predict that Jagged Peak Energy Inc (NYSE:JAG) will announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Jagged Peak Energy’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.11. Jagged Peak Energy reported earnings per share of $0.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 160%. The company is scheduled to report its next earnings results after the market closes on Thursday, August 9th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.77. For the next year, analysts expect that the business will report earnings of $0.74 per share, with EPS estimates ranging from $0.60 to $1.08. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings results on Thursday, August 9th. The mining company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Jagged Peak Energy had a positive return on equity of 10.30% and a negative net margin of 7.13%. The firm had revenue of $158.70 million for the quarter, compared to analyst estimates of $140.36 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue was up 198.9% on a year-over-year basis.



Several brokerages have recently commented on JAG. Zacks Investment Research raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. ValuEngine raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Jefferies Financial Group set a $13.00 price objective on Jagged Peak Energy and gave the company a “hold” rating in a report on Wednesday, July 18th. Finally, JPMorgan Chase & Co. cut their price target on Jagged Peak Energy from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, May 22nd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.12.

Jagged Peak Energy opened at $13.73 on Tuesday, MarketBeat.com reports. Jagged Peak Energy has a fifty-two week low of $10.55 and a fifty-two week high of $16.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $2.96 billion, a P/E ratio of 42.09 and a beta of -1.04.

In other Jagged Peak Energy news, CFO Robert William Howard sold 15,625 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $11.95, for a total transaction of $186,718.75. Following the completion of the transaction, the chief financial officer now owns 2,136,673 shares of the company’s stock, valued at approximately $25,533,242.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles D. Davidson acquired 11,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were bought at an average cost of $13.43 per share, with a total value of $147,730.00. The disclosure for this purchase can be found here. Insiders sold a total of 62,500 shares of company stock valued at $826,250 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JAG. Schwab Charles Investment Management Inc. raised its position in shares of Jagged Peak Energy by 2.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,168 shares of the mining company’s stock valued at $2,900,000 after buying an additional 4,738 shares in the last quarter. Strs Ohio raised its position in shares of Jagged Peak Energy by 9.9% during the 2nd quarter. Strs Ohio now owns 67,800 shares of the mining company’s stock valued at $882,000 after buying an additional 6,100 shares in the last quarter. Rhumbline Advisers raised its position in shares of Jagged Peak Energy by 14.4% during the 2nd quarter. Rhumbline Advisers now owns 62,134 shares of the mining company’s stock valued at $809,000 after buying an additional 7,830 shares in the last quarter. Legal & General Group Plc raised its position in shares of Jagged Peak Energy by 72.3% during the 1st quarter. Legal & General Group Plc now owns 23,513 shares of the mining company’s stock valued at $333,000 after buying an additional 9,869 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Jagged Peak Energy by 0.3% during the 1st quarter. BlackRock Inc. now owns 3,286,867 shares of the mining company’s stock valued at $46,443,000 after buying an additional 9,966 shares in the last quarter. 27.22% 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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