$0.13 Earnings Per Share Expected for Jagged Peak Energy Inc (NYSE:JAG) This Quarter

Wall Street brokerages forecast that Jagged Peak Energy Inc (NYSE:JAG) will announce earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Jagged Peak Energy’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.16. Jagged Peak Energy posted earnings of $0.18 per share during the same quarter last year, which would indicate a negative year over year growth rate of 27.8%. The business is expected to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.53. For the next financial year, analysts anticipate that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.60 to $0.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last issued its earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $146.80 million during the quarter, compared to analysts’ expectations of $143.30 million. Jagged Peak Energy had a return on equity of 12.36% and a net margin of 18.73%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS.

A number of analysts have recently weighed in on JAG shares. Piper Jaffray Companies set a $10.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research note on Friday, August 16th. Bank of America lowered Jagged Peak Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, September 10th. SunTrust Banks dropped their price objective on Jagged Peak Energy from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Barclays dropped their price objective on Jagged Peak Energy from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Finally, Citigroup dropped their price objective on Jagged Peak Energy from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Jagged Peak Energy has an average rating of “Hold” and an average target price of $11.38.

Shares of NYSE:JAG traded up $0.28 during trading on Thursday, reaching $7.21. 230,057 shares of the company traded hands, compared to its average volume of 5,592,166. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 10.16 and a beta of 1.09. Jagged Peak Energy has a 52-week low of $5.80 and a 52-week high of $13.73. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average is $7.23 and its 200-day moving average is $8.32.

In related news, insider Shonn D. Stahlecker sold 8,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 452,120 shares in the company, valued at $3,024,682.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its holdings in Jagged Peak Energy by 6.8% in the second quarter. Parametric Portfolio Associates LLC now owns 25,352 shares of the mining company’s stock worth $210,000 after purchasing an additional 1,624 shares in the last quarter. Prudential Financial Inc. raised its holdings in Jagged Peak Energy by 14.4% in the second quarter. Prudential Financial Inc. now owns 18,277 shares of the mining company’s stock worth $151,000 after purchasing an additional 2,300 shares in the last quarter. Holocene Advisors LP raised its holdings in Jagged Peak Energy by 14.9% in the second quarter. Holocene Advisors LP now owns 28,682 shares of the mining company’s stock worth $237,000 after purchasing an additional 3,730 shares in the last quarter. Bank of Montreal Can raised its holdings in Jagged Peak Energy by 1,314.3% in the second quarter. Bank of Montreal Can now owns 5,544 shares of the mining company’s stock worth $45,000 after purchasing an additional 5,152 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in Jagged Peak Energy by 8.6% in the second quarter. TD Asset Management Inc. now owns 71,713 shares of the mining company’s stock worth $593,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 29.63% 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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