Analysts Set Jagged Peak Energy Inc (JAG) Price Target at $17.65

Shares of Jagged Peak Energy Inc (NYSE:JAG) have received an average rating of “Buy” from the twenty-two ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.50.

JAG has been the topic of several research reports. Stifel Nicolaus set a $16.00 price target on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Royal Bank of Canada set a $18.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Wednesday, December 20th. BMO Capital Markets set a $17.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Tudor Pickering lowered shares of Jagged Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, Scotiabank set a $16.00 price objective on shares of Jagged Peak Energy and gave the stock a “hold” rating in a research note on Wednesday, November 22nd.

Shares of Jagged Peak Energy (NYSE:JAG) traded up $0.10 on Tuesday, reaching $12.91. 857,982 shares of the company traded hands, compared to its average volume of 1,415,515. Jagged Peak Energy has a 12 month low of $10.96 and a 12 month high of $16.55. The company has a market capitalization of $2,748.94 and a PE ratio of 67.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38.

In other news, EVP Mark R. Petry sold 444,067 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $12.47, for a total transaction of $5,537,515.49. Following the completion of the sale, the executive vice president now directly owns 1,632,501 shares of the company’s stock, valued at $20,357,287.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph N. Jaggers sold 6,656 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $15.25, for a total transaction of $101,504.00. Following the sale, the chief executive officer now directly owns 5,123,908 shares of the company’s stock, valued at $78,139,597. The disclosure for this sale can be found here. Insiders have sold 884,254 shares of company stock valued at $12,008,951 over the last three months.

Several institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Jagged Peak Energy during the fourth quarter valued at $451,000. Element Capital Management LLC purchased a new stake in shares of Jagged Peak Energy during the fourth quarter valued at $3,617,000. Jane Street Group LLC purchased a new stake in shares of Jagged Peak Energy during the fourth quarter valued at $161,000. Two Sigma Investments LP purchased a new stake in shares of Jagged Peak Energy during the fourth quarter valued at $457,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Jagged Peak Energy during the fourth quarter valued at $186,000. 21.27% of the stock is owned by hedge funds and other institutional investors.

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Jagged Peak Energy Company Profile

Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

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