Jagged Peak Energy Inc. (JAG)

Cornelia Mascio
Settembre 22, 2017

From another technical standpoint, Jagged Peak Energy Inc.

The counter witnessed a trading volume of 0.79 million shares versus an average volume of 0.83 million shares during last trading session. UBS Group AG acquired a new position in shares of Jagged Peak Energy in the 1st quarter worth approximately $111,000.

A number of other hedge funds have also made changes to their positions in JAG. Legal & General Group Plc grew its holdings in Jagged Peak Energy by 61.2% during the second quarter. Legal & General Group Plc now owns 7,702 shares of the mining company's stock worth $102,000 after acquiring an additional 2,924 shares during the period.

Jagged Peak Energy Inc (JAG) now has a 14-day Commodity Channel Index (CCI) of 146.10. Strs Ohio acquired a new position in Jagged Peak Energy during the first quarter worth $122,000. Wells Fargo & Company MN purchased a new position in Jagged Peak Energy in the 1st quarter worth approximately $757,000.

According to Zacks, "Jagged Peak Energy Inc.is an oil and natural gas company". If you are accessing this story on another site, it was illegally stolen and reposted in violation of worldwide copyright legislation. The legal version of this story can be viewed at https://www.equitiesfocus.com/2017/09/21/jagged-peak-energy-inc-jag-position-lifted-by-eaton-vance-management.html. Looking at the other side of the coin, JAG traded as low as $11.71 in the past 52 weeks, and since then the shares have risen 8.11% or $0.95. (NYSE:JAG) opened at 12.66 on Wednesday. The share price has moved forward from its 20 days moving average, trading at a distance of 5% and stays 6.4% away from its 50 days moving average. Jagged Peak Energy Inc.is based in Denver, United States. (NYSE:JAG) closed September 19 at $12.66, down -16.05% or $2.42 from its record high price of $15.08. The company has Beta Value of 0 and ATR value of 0.48. The company's quarterly EPS surprised Wall Street by as much as -50% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The firm's revenue was up 175.1% on a year-over-year basis.

Analyst research firms are expressing bullish stance on Jagged Peak Energy Inc.

A number of research analysts recently weighed in on JAG shares. ValuEngine lowered shares of Jagged Peak Energy from a "hold" rating to a "sell" rating in a report on Friday, September 1st. They set a "buy" rating and a $21.00 price target for the company. Royal Bank of Canada set a $19.00 target price on Jagged Peak Energy and gave the stock a "buy" rating in a research report on Saturday, June 3rd. Finally, KLR Group began coverage on shares of Jagged Peak Energy in a report on Monday, June 19th. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Zacks Investment Research upgraded Jagged Peak Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. Jagged Peak Energy now has a consensus rating of "Buy" and a consensus target price of $17.75.

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.

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