Jefferies Remains a Hold on Jagged Peak Energy Inc


In a report released today, Mark Lear from Jefferies reiterated a Hold rating on Jagged Peak Energy Inc (NYSEArca: JAG), with a price target of $13. The company’s shares closed yesterday at $14.24.

According to TipRanks.com, Lear is a 3-star analyst with an average return of 1.8% and a 50.6% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jagged Peak Energy Inc with a $15 average price target.

See today’s analyst top recommended stocks >>

Based on Jagged Peak Energy Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $39.4 million. In comparison, last year the company had a net profit of $16.4 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JAG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Jagged Peak Energy, Inc. operates as an independent oil and natural gas company. It focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. Jagged Peak Energy was founded in September 2016 and headquartered in Denver, CO.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts