Jagged Peak Energy Inc (JAG) Target Price Trimmed to $16.00

Jagged Peak Energy Inc (JAG) Target Price Trimmed to $16.00

Jagged Peak Energy Inc (NYSE:JAG) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $19.00 to $16.00 in a note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the mining company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 19.67% from the company’s current price.

Other analysts have also issued research reports about the company. Evercore ISI initiated coverage on Jagged Peak Energy in a research note on Tuesday, February 21st. They set a “buy” rating and a $18.00 price objective on the stock. Goldman Sachs Group Inc initiated coverage on Jagged Peak Energy in a research note on Tuesday, February 21st. They set a “buy” rating and a $19.00 price objective on the stock. Citigroup Inc initiated coverage on Jagged Peak Energy in a research note on Wednesday, February 22nd. They set a “buy” rating and a $19.00 price objective on the stock. Stifel Nicolaus initiated coverage on Jagged Peak Energy in a research note on Wednesday, March 15th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of Jagged Peak Energy in a research note on Friday, March 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.17.

Jagged Peak Energy (NYSE:JAG) opened at 13.37 on Wednesday. The firm’s 50-day moving average is $12.36 and its 200 day moving average is $12.96. Jagged Peak Energy has a one year low of $10.96 and a one year high of $15.08. The company’s market capitalization is $2.85 billion.

Hedge funds have recently modified their holdings of the company. Boston Partners acquired a new stake in shares of Jagged Peak Energy during the first quarter worth about $75,074,000. Vanguard Group Inc. acquired a new stake in shares of Jagged Peak Energy during the first quarter worth about $31,355,000. Goldman Sachs Group Inc. acquired a new stake in shares of Jagged Peak Energy during the first quarter worth about $27,203,000. Teachers Advisors LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter worth about $13,363,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter worth about $12,202,000.

About Jagged Peak Energy

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JAG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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