Bank of America Corporation Begins Coverage on Jagged Peak Energy Inc. (JAG)

Bank of America Corporation initiated coverage on shares of Jagged Peak Energy Inc. (NYSE:JAG) in a report released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating on the mining company’s stock.

Other research analysts have also issued reports about the stock. Scotiabank set a $13.00 price objective on shares of Jagged Peak Energy and gave the stock a hold rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Jagged Peak Energy from a sell rating to a hold rating in a research note on Wednesday, September 20th. BMO Capital Markets set a $18.00 price objective on shares of Jagged Peak Energy and gave the stock a buy rating in a research note on Tuesday, October 10th. Citigroup Inc. dropped their price objective on shares of Jagged Peak Energy from $19.00 to $18.00 and set a buy rating for the company in a research note on Thursday, July 13th. Finally, Seaport Global Securities began coverage on shares of Jagged Peak Energy in a research note on Thursday, September 28th. They set a buy rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $17.61.

Shares of Jagged Peak Energy (JAG) traded down 1.72% during midday trading on Monday, hitting $13.75. 140,404 shares of the stock were exchanged. The firm’s market cap is $2.93 billion. The firm’s 50-day moving average is $13.20 and its 200 day moving average is $12.92. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.19.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The firm’s revenue for the quarter was up 175.1% compared to the same quarter last year. On average, analysts forecast that Jagged Peak Energy will post $0.08 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Bank of America Corporation Begins Coverage on Jagged Peak Energy Inc. (JAG)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/19/bank-of-america-corporation-begins-coverage-on-jagged-peak-energy-inc-jag.html.

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in shares of Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after acquiring an additional 2,924 shares in the last quarter. UBS Group AG bought a new stake in shares of Jagged Peak Energy in the first quarter valued at about $111,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jagged Peak Energy in the second quarter valued at about $153,000. Bank of America Corp DE bought a new stake in shares of Jagged Peak Energy in the first quarter valued at about $206,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Jagged Peak Energy by 9.0% in the second quarter. Robeco Institutional Ass

Other research analysts have also issued reports about the stock. Scotiabank set a $13.00 price objective on shares of Jagged Peak Energy and gave the stock a hold rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Jagged Peak Energy from a sell rating to a hold rating in a research note on Wednesday, September 20th. BMO Capital Markets set a $18.00 price objective on shares of Jagged Peak Energy and gave the stock a buy rating in a research note on Tuesday, October 10th. Citigroup Inc. dropped their price objective on shares of Jagged Peak Energy from $19.00 to $18.00 and set a buy rating for the company in a research note on Thursday, July 13th. Finally, Seaport Global Securities began coverage on shares of Jagged Peak Energy in a research note on Thursday, September 28th. They set a buy rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $17.61.

Shares of Jagged Peak Energy (JAG) traded down 1.72% during midday trading on Monday, hitting $13.75. 140,404 shares of the stock were exchanged. The firm’s market cap is $2.93 billion. The firm’s 50-day moving average is $13.20 and its 200 day moving average is $12.92. Jagged Peak Energy has a 52-week low of $10.96 and a 52-week high of $15.19.

Jagged Peak Energy (NYSE:JAG) last posted its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The firm’s revenue for the quarter was up 175.1% compared to the same quarter last year. On average, analysts forecast that Jagged Peak Energy will post $0.08 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Bank of America Corporation Begins Coverage on Jagged Peak Energy Inc. (JAG)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/19/bank-of-america-corporation-begins-coverage-on-jagged-peak-energy-inc-jag.html.

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in shares of Jagged Peak Energy by 61.2% in the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company’s stock valued at $102,000 after acquiring an additional 2,924 shares in the last quarter. UBS Group AG bought a new stake in shares of Jagged Peak Energy in the first quarter valued at about $111,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jagged Peak Energy in the second quarter valued at about $153,000. Bank of America Corp DE bought a new stake in shares of Jagged Peak Energy in the first quarter valued at about $206,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Jagged Peak Energy by 9.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 16,647 shares of the mining company’s stock valued at $222,000 after acquiring an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 17.10% of the company’s stock.

About Jagged Peak Energy

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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