Imperial Capital Weighs in on Jagged Peak Energy Inc’s Q2 2019 Earnings (JAG)

Jagged Peak Energy Inc (NYSE:JAG) – Equities research analysts at Imperial Capital issued their Q2 2019 earnings per share (EPS) estimates for shares of Jagged Peak Energy in a research report issued on Monday, May 13th. Imperial Capital analyst I. Haas forecasts that the mining company will post earnings of $0.10 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $16.00 target price on the stock. Imperial Capital also issued estimates for Jagged Peak Energy’s Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.21 EPS and FY2020 earnings at $1.13 EPS.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Thursday, May 9th. The mining company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Jagged Peak Energy had a return on equity of 15.42% and a net margin of 18.89%. The firm had revenue of $129.60 million for the quarter, compared to the consensus estimate of $135.07 million. During the same period in the prior year, the company earned $0.12 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year.



Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus set a $15.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Friday, May 10th. TheStreet raised shares of Jagged Peak Energy from a “d+” rating to a “c-” rating in a report on Monday, April 15th. SunTrust Banks began coverage on shares of Jagged Peak Energy in a report on Tuesday, April 2nd. They issued a “buy” rating and a $15.00 target price for the company. Cowen reissued a “hold” rating and issued a $13.00 target price on shares of Jagged Peak Energy in a report on Wednesday, February 20th. Finally, Barclays set a $12.00 target price on shares of Jagged Peak Energy and gave the stock a “hold” rating in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.62.

JAG opened at $10.35 on Wednesday. Jagged Peak Energy has a twelve month low of $8.47 and a twelve month high of $14.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.37 and a quick ratio of 1.07. The stock has a market cap of $2.15 billion, a P/E ratio of 16.17, a PEG ratio of 1.46 and a beta of 0.89.

In other news, CFO Robert William Howard sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $10.97, for a total value of $54,850.00. Following the completion of the transaction, the chief financial officer now owns 2,295,845 shares of the company’s stock, valued at $25,185,419.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shonn D. Stahlecker sold 8,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.28, for a total transaction of $82,240.00. Following the completion of the transaction, the insider now directly owns 476,120 shares of the company’s stock, valued at approximately $4,894,513.60. The disclosure for this sale can be found here. Insiders sold 64,784 shares of company stock valued at $686,760 in the last three months. Company insiders own 0.98% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of Jagged Peak Energy by 8.0% in the third quarter. Vanguard Group Inc now owns 4,856,754 shares of the mining company’s stock valued at $67,168,000 after buying an additional 361,484 shares during the period. Vanguard Group Inc. increased its stake in shares of Jagged Peak Energy by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,856,754 shares of the mining company’s stock valued at $67,168,000 after buying an additional 361,484 shares during the period. BlackRock Inc. increased its stake in shares of Jagged Peak Energy by 1.9% in the first quarter. BlackRock Inc. now owns 4,797,109 shares of the mining company’s stock valued at $50,225,000 after buying an additional 90,777 shares during the period. Janus Henderson Group PLC increased its stake in shares of Jagged Peak Energy by 19.5% in the first quarter. Janus Henderson Group PLC now owns 3,086,089 shares of the mining company’s stock valued at $32,311,000 after buying an additional 502,834 shares during the period. Finally, Boston Partners increased its stake in shares of Jagged Peak Energy by 1.6% in the first quarter. Boston Partners now owns 1,124,569 shares of the mining company’s stock valued at $11,774,000 after buying an additional 18,059 shares during the period. 29.94% of the stock is owned by institutional investors.

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, 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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