Zacks: Brokerages Anticipate Jagged Peak Energy Inc (NYSE:JAG) to Announce $0.15 EPS

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Analysts predict that Jagged Peak Energy Inc (NYSE:JAG) will report earnings of $0.15 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Jagged Peak Energy’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.13. Jagged Peak Energy reported earnings of $0.18 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16.7%. The firm is expected to announce its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.56. For the next financial year, analysts forecast that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.71 to $1.07. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Thursday, August 8th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Jagged Peak Energy had a net margin of 18.73% and a return on equity of 12.53%. The business had revenue of $146.80 million for the quarter, compared to analysts’ expectations of $143.30 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis.

A number of research analysts have weighed in on the company. ValuEngine downgraded Jagged Peak Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Piper Jaffray Companies assumed coverage on Jagged Peak Energy in a report on Monday, July 8th. They set an “overweight” rating and a $11.00 target price on the stock. Williams Capital assumed coverage on Jagged Peak Energy in a report on Monday, June 17th. They set a “buy” rating and a $13.00 target price on the stock. TheStreet downgraded Jagged Peak Energy from a “c-” rating to a “d+” rating in a report on Wednesday, June 12th. Finally, Stifel Nicolaus set a $15.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Jagged Peak Energy presently has a consensus rating of “Buy” and an average price target of $14.23.

NYSE:JAG traded up $0.12 during mid-day trading on Friday, reaching $6.18. 31,535 shares of the company’s stock traded hands, compared to its average volume of 1,834,249. Jagged Peak Energy has a 12-month low of $5.80 and a 12-month high of $14.74. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 9.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s 50 day moving average is $7.60.

In other Jagged Peak Energy news, insider Shonn D. Stahlecker sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $8.46, for a total transaction of $67,680.00. Following the transaction, the insider now owns 460,120 shares in the company, valued at approximately $3,892,615.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 24,400 shares of company stock worth $191,628 in the last quarter. Company insiders own 0.98% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC purchased a new stake in shares of Jagged Peak Energy in the 2nd quarter worth approximately $2,178,000. UBS Asset Management Americas Inc. grew its stake in shares of Jagged Peak Energy by 44.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 56,688 shares of the mining company’s stock worth $469,000 after buying an additional 17,505 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Jagged Peak Energy by 21.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,844,000 shares of the mining company’s stock worth $15,250,000 after buying an additional 319,865 shares during the last quarter. Zebra Capital Management LLC bought a new position in Jagged Peak Energy in the 2nd quarter valued at approximately $113,000. Finally, Vanguard Group Inc. lifted its position in Jagged Peak Energy by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,236,720 shares of the mining company’s stock valued at $43,308,000 after acquiring an additional 60,007 shares in the last quarter. Institutional investors own 28.57% 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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