Another Recommendation On Wall Street for Jagged Peak Energy (JAG). This time with a $18 Share Target Price

October 13, 2017 - By Linda Rogers

 Another Recommendation On Wall Street for Jagged Peak Energy (JAG). This time with a $18 Share Target Price

Why Has Imperial Capital Given Jagged Peak Energy (JAG) a $18 Price Target

The financial firm Imperial Capital has today began coverage on Jagged Peak Energy (JAG) shares, with a “Outperform” rating, while setting the target at $18.

Jagged Peak Energy Inc (NYSE:JAG) Ratings Coverage

Among 14 analysts covering Jagged Peak Energy (JAG), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Jagged Peak Energy has $23.0 highest and $1300 lowest target. $17.77’s average target is 27.75% above currents $13.91 stock price. Jagged Peak Energy had 25 analyst reports since February 13, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, July 6 with “Buy”. BMO Capital Markets maintained the shares of JAG in report on Monday, June 26 with “Hold” rating. JP Morgan initiated the stock with “Overweight” rating in Tuesday, February 21 report. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 13. The firm has “Buy” rating given on Thursday, August 24 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, June 21 by Stifel Nicolaus. The stock of Jagged Peak Energy Inc (NYSE:JAG) has “Buy” rating given on Thursday, July 13 by Citigroup. Goldman Sachs initiated Jagged Peak Energy Inc (NYSE:JAG) on Tuesday, February 21 with “Buy” rating. Wells Fargo initiated the shares of JAG in report on Tuesday, February 21 with “Outperform” rating. The stock has “Buy” rating by Citigroup on Tuesday, August 15.

About 370,901 shares traded. Jagged Peak Energy Inc (JAG) has 0.00% since October 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors wait Jagged Peak Energy Inc (NYSE:JAG) to report on November, 8. its quarterly earnings This translates into $14.89 million profit for JAG giving the stock a 49.71 P/E. This is assuming the current $0.07 EPS is accurate. Jagged Peak Energy Inc’s Wall Street analysts see 40.00 % EPS growth, taking into account the $0.05 EPS reproted in the previous quarter,

Jagged Peak Energy Inc. is an independent oil and natural gas firm focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The company has market cap of $2.96 billion. 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. It currently has negative earnings. As of September 30, 2016, it drilled and completed 16 horizontal wells.

More notable recent Jagged Peak Energy Inc (NYSE:JAG) news were published by: Prnewswire.com which released: “Jagged Peak Energy Inc. Provides Updated Third Quarter Production Guidance” on September 19, 2017, also Prnewswire.com with their article: “Jagged Peak Energy Inc. Announces Fourth Quarter and Full-Year 2016 Financial …” published on March 23, 2017, Prnewswire.com published: “Jagged Peak Energy Inc. Announces First Quarter 2017 Financial and Operating …” on May 11, 2017. More interesting news about Jagged Peak Energy Inc (NYSE:JAG) were released by: Prnewswire.com and their article: “Jagged Peak Energy Inc. Announces Appointment Of Chief Operating Officer” published on August 10, 2017 as well as Seekingalpha.com‘s news article titled: “Jagged Peak Energy: Entry Opportunity For This GARP Play” with publication date: August 08, 2017.

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