Seaport Global analyst Mike Kelly reiterated a Buy rating on Jagged Peak Energy Inc (JAG) on December 10 and set a price target of $16. The company’s shares closed yesterday at $10.29, close to its 52-week low of $10.27.
According to TipRanks.com, Kelly has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.3% and a 33.1% success rate. Kelly covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Wildhorse Resource Development Corp, and HighPoint Resources Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Jagged Peak Energy Inc with a $17 average price target, which is a 65.2% upside from current levels. In a report issued on November 25, Stifel Nicolaus also reiterated a Buy rating on the stock with a $18 price target.
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Based on Jagged Peak Energy Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $26.57 million. In comparison, last year the company had a GAAP net loss of $15.22 million.
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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.
