Jagged Peak Energy Inc (JAG) to Post Q1 2019 Earnings of $0.09 Per Share, KeyCorp Forecasts

Jagged Peak Energy Inc (NYSE:JAG) – Stock analysts at KeyCorp cut their Q1 2019 earnings estimates for Jagged Peak Energy in a research note issued to investors on Sunday, April 21st. KeyCorp analyst L. Mariani now anticipates that the mining company will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.15. KeyCorp also issued estimates for Jagged Peak Energy’s FY2019 earnings at $0.60 EPS.

Other analysts also recently issued research reports about the stock. SunTrust Banks initiated coverage on shares of Jagged Peak Energy in a report on Tuesday, April 2nd. They set a “buy” rating and a $15.00 price objective on the stock. TheStreet raised shares of Jagged Peak Energy from a “d+” rating to a “c-” rating in a report on Monday, April 15th. Cowen reissued a “hold” rating and set a $13.00 price objective on shares of Jagged Peak Energy in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Finally, Barclays set a $12.00 price objective on shares of Jagged Peak Energy and gave the stock a “hold” rating in a report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Jagged Peak Energy presently has a consensus rating of “Hold” and a consensus target price of $14.92.



JAG stock opened at $11.07 on Wednesday. The stock has a market cap of $2.35 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.54 and a beta of 0.90. Jagged Peak Energy has a 52 week low of $8.47 and a 52 week high of $14.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Thursday, February 28th. The mining company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $138.54 million for the quarter, compared to analysts’ expectations of $151.13 million. Jagged Peak Energy had a return on equity of 17.00% and a net margin of 28.45%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Man Group plc lifted its holdings in shares of Jagged Peak Energy by 39.4% in the third quarter. Man Group plc now owns 363,769 shares of the mining company’s stock valued at $5,031,000 after purchasing an additional 102,742 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Jagged Peak Energy by 778.0% in the fourth quarter. Macquarie Group Ltd. now owns 8,780 shares of the mining company’s stock valued at $80,000 after buying an additional 7,780 shares during the last quarter. Eaton Vance Management raised its position in shares of Jagged Peak Energy by 22.9% in the fourth quarter. Eaton Vance Management now owns 133,148 shares of the mining company’s stock valued at $1,214,000 after buying an additional 24,806 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Jagged Peak Energy in the third quarter valued at approximately $13,888,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Jagged Peak Energy by 145.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock valued at $73,000 after buying an additional 4,947 shares during the last quarter. 29.75% of the stock is currently owned by institutional investors.

In other Jagged Peak Energy news, Director James J. Kleckner sold 4,107 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $10.89, for a total value of $44,725.23. Following the sale, the director now owns 270,821 shares of the company’s stock, valued at $2,949,240.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Humber sold 6,605 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total transaction of $71,466.10. The disclosure for this sale can be found here. Insiders sold 84,784 shares of company stock worth $904,200 in the last ninety days. Insiders own 1.50% 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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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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