UBS Group initiated coverage on shares of Jagged Peak Energy (NYSE:JAG) in a report released on Wednesday morning, www.benzinga.com reports. The brokerage issued a neutral rating and a $13.50 price objective on the mining company’s stock.
Several other research analysts also recently commented on the stock. Credit Suisse Group initiated coverage on shares of Jagged Peak Energy in a report on Monday, December 11th. They set a neutral rating and a $16.00 price objective for the company. Royal Bank of Canada downgraded shares of Jagged Peak Energy from an outperform rating to a sector perform rating in a report on Thursday, January 25th. ValuEngine downgraded shares of Jagged Peak Energy from a hold rating to a sell rating in a report on Sunday, December 31st. Scotiabank set a $16.00 price objective on shares of Jagged Peak Energy and gave the company a hold rating in a report on Wednesday, November 22nd. Finally, Wolfe Research initiated coverage on shares of Jagged Peak Energy in a report on Tuesday, November 14th. They set a market perform rating for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Jagged Peak Energy presently has an average rating of Hold and an average price target of $16.82.
Jagged Peak Energy (NYSE:JAG) traded up $0.51 on Wednesday, hitting $12.18. 645,716 shares of the company’s stock traded hands, compared to its average volume of 1,129,142. Jagged Peak Energy has a twelve month low of $10.96 and a twelve month high of $16.55. The company has a market cap of $2,484.90, a P/E ratio of 61.42 and a beta of -0.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.38 and a quick ratio of 0.38.
Several large investors have recently made changes to their positions in JAG. Nationwide Fund Advisors lifted its holdings in shares of Jagged Peak Energy by 177.0% in the 2nd quarter. Nationwide Fund Advisors now owns 18,809 shares of the mining company’s stock valued at $251,000 after acquiring an additional 12,018 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Jagged Peak Energy in the 2nd quarter worth about $454,000. Northern Trust Corp raised its position in Jagged Peak Energy by 341.1% in the 2nd quarter. Northern Trust Corp now owns 373,161 shares of the mining company’s stock worth $4,982,000 after purchasing an additional 288,559 shares during the period. Vanguard Group Inc. raised its position in Jagged Peak Energy by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,580,145 shares of the mining company’s stock worth $34,445,000 after purchasing an additional 175,591 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in Jagged Peak Energy in the 2nd quarter worth about $252,000. 23.89% of the stock is owned by hedge funds and other institutional investors.
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.
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