Jagged Peak Energy Inc (JAG) Expected to Post Earnings of $0.15 Per Share

Wall Street brokerages expect Jagged Peak Energy Inc (NYSE:JAG) to announce earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Jagged Peak Energy’s earnings, with estimates ranging from $0.10 to $0.20. Jagged Peak Energy reported earnings of $0.07 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 114.3%. The business is expected to report its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Jagged Peak Energy will report full year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.68. For the next financial year, analysts forecast that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.55 to $1.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Thursday, August 9th. The mining company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $158.70 million for the quarter, compared to analyst estimates of $140.36 million. Jagged Peak Energy had a return on equity of 14.55% and a net margin of 0.70%. The company’s revenue was up 198.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS.

JAG has been the topic of several research analyst reports. ValuEngine raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Jefferies Financial Group set a $13.00 price objective on Jagged Peak Energy and gave the company a “hold” rating in a research note on Wednesday, July 18th. Stifel Nicolaus lifted their price objective on Jagged Peak Energy from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Credit Suisse Group lifted their price objective on Jagged Peak Energy from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, BMO Capital Markets set a $16.00 price objective on Jagged Peak Energy and gave the company a “buy” rating in a research note on Sunday, August 12th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.18.

In related news, EVP Christopher Humber sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $14.12, for a total transaction of $353,000.00. Following the sale, the executive vice president now directly owns 84,551 shares in the company, valued at approximately $1,193,860.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert William Howard sold 31,250 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $13.11, for a total value of $409,687.50. Following the sale, the chief financial officer now owns 2,074,173 shares in the company, valued at $27,192,408.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,750 shares of company stock worth $1,611,750. Company insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Boston Partners raised its holdings in shares of Jagged Peak Energy by 67.0% during the 2nd quarter. Boston Partners now owns 10,714,424 shares of the mining company’s stock valued at $139,502,000 after buying an additional 4,299,224 shares during the period. BlackRock Inc. increased its holdings in Jagged Peak Energy by 15.5% during the 2nd quarter. BlackRock Inc. now owns 3,797,380 shares of the mining company’s stock worth $49,441,000 after purchasing an additional 510,513 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Jagged Peak Energy during the 2nd quarter worth approximately $32,913,000. Northern Trust Corp increased its holdings in Jagged Peak Energy by 26.5% during the 2nd quarter. Northern Trust Corp now owns 741,991 shares of the mining company’s stock worth $9,661,000 after purchasing an additional 155,408 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Jagged Peak Energy by 62.7% during the 2nd quarter. Bank of America Corp DE now owns 511,507 shares of the mining company’s stock worth $6,661,000 after purchasing an additional 197,048 shares during the last quarter. Institutional investors and hedge funds own 33.63% of the company’s stock.

NYSE JAG opened at $14.18 on Friday. The stock has a market capitalization of $2.95 billion, a PE ratio of 54.54 and a beta of -1.20. Jagged Peak Energy has a 1-year low of $10.55 and a 1-year high of $16.55. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

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, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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Earnings History and Estimates for Jagged Peak Energy (NYSE:JAG)

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