Jagged Peak Energy Inc Receives a Buy from BMO Capital

By Austin Angelo

In a report released today, Dan McSpirit from BMO Capital reiterated a Buy rating on Jagged Peak Energy Inc (NYSE: JAG), with a price target of $17. The company’s shares opened today at $14.33.

According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 1.3% and a 47.4% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Range Resources Corp.

Currently, the analyst consensus on Jagged Peak Energy Inc is Strong Buy and the average price target is $17.29, representing a 20.7% upside.

In a report issued on November 3, RBC Capital also reiterated a Buy rating on the stock with a $17 price target.

Based on Jagged Peak Energy Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $70.45 million and GAAP net loss of $15.22 million. In comparison, last year the company earned revenue of $22.58 million and had a net profit of $5.41 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.