Jagged Peak Energy Inc (JAG) Gets a Buy Rating from Stifel Nicolaus

By Austin Angelo

Stifel Nicolaus analyst Michael Scialla maintained a Buy rating on Jagged Peak Energy Inc (NYSEArca: JAG) today and set a price target of $19. The company’s shares opened today at $14.35.

According to TipRanks.com, Scialla is a 1-star analyst with an average return of 0.0% and a 49.2% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Abraxas Petroleum Corp, Whiting Petroleum Corp, and Ultra Petroleum Corp.

Currently, the analyst consensus on Jagged Peak Energy Inc is a Moderate Buy with an average price target of $15.33.

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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 34 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.