Wall Street analysts expect that Jagged Peak Energy Inc (NYSE:JAG) will report sales of $159.02 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Jagged Peak Energy’s earnings, with the lowest sales estimate coming in at $152.40 million and the highest estimate coming in at $171.29 million. Jagged Peak Energy reported sales of $104.42 million during the same quarter last year, which indicates a positive year over year growth rate of 52.3%. The firm is scheduled to issue its next earnings results on Thursday, March 28th.

According to Zacks, analysts expect that Jagged Peak Energy will report full-year sales of $588.22 million for the current fiscal year, with estimates ranging from $557.00 million to $614.39 million. For the next fiscal year, analysts anticipate that the business will report sales of $709.18 million, with estimates ranging from $546.50 million to $812.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Jagged Peak Energy.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Friday, November 9th. The mining company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Jagged Peak Energy had a negative net margin of 1.48% and a positive return on equity of 17.35%. The firm had revenue of $155.40 million for the quarter, compared to analysts’ expectations of $144.71 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 120.4% compared to the same quarter last year.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. set a $13.00 price objective on shares of Jagged Peak Energy and gave the company a “buy” rating in a research report on Friday. MKM Partners started coverage on shares of Jagged Peak Energy in a research report on Wednesday. They issued a “buy” rating and a $15.00 price objective on the stock. Cowen started coverage on shares of Jagged Peak Energy in a research note on Thursday, November 29th. They set a “market perform” rating on the stock. BMO Capital Markets set a $15.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Tuesday, November 13th. Finally, ValuEngine lowered shares of Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.75.

In related news, CFO Robert William Howard sold 31,250 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $13.19, for a total transaction of $412,187.50. Following the sale, the chief financial officer now owns 2,042,923 shares of the company’s stock, valued at $26,946,154.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher Humber sold 25,000 shares of the business’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 disclosure for this sale can be found here. Insiders have sold a total of 87,500 shares of company stock worth $1,202,063 in the last ninety days. Insiders own 1.50% of the company’s stock.

A number of large investors have recently bought and sold shares of JAG. Boston Partners boosted its stake in Jagged Peak Energy by 67.0% during the second quarter. Boston Partners now owns 10,714,424 shares of the mining company’s stock worth $139,502,000 after acquiring an additional 4,299,224 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Jagged Peak Energy during the second quarter worth about $32,913,000. Marshall Wace LLP bought a new stake in Jagged Peak Energy during the third quarter worth about $13,888,000. BlackRock Inc. boosted its stake in Jagged Peak Energy by 15.4% during the third quarter. BlackRock Inc. now owns 4,383,358 shares of the mining company’s stock worth $60,621,000 after acquiring an additional 585,978 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Jagged Peak Energy by 8.0% during the third quarter. Vanguard Group Inc. now owns 4,856,754 shares of the mining company’s stock worth $67,168,000 after acquiring an additional 361,484 shares in the last quarter. 28.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of JAG stock traded up $0.15 during mid-day trading on Monday, reaching $11.21. The stock had a trading volume of 1,073,844 shares, compared to its average volume of 984,702. Jagged Peak Energy has a 52-week low of $10.55 and a 52-week high of $16.55. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 43.12 and a beta of -0.15. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64.

About Jagged Peak Energy

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.

See Also: Compound Annual Growth Rate (CAGR)

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

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