Today’s big question for investors is, “what’s going on with Jagged Peak Energy Inc. (NYSE:JAG) stock? Its price is nose-diving -0.22 points, trading at $7.53 levels, and is down -2.77% from its previous close of $7.75. The shares seem to have an active trading volume day with a reported 1520387 contracts so far this session. JAG shares had a relatively better volume day versus average trading capacity of 3.44 million shares, but with a 58.71 million float and a 9.31% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for JAG stock indicates that the average analyst price target is $9.63 per share. This means the stock has a potential increase of 27.89% from where the JAG share price has been trading recently which is between $7.62 and $7.815.
During the recent trading session for Jagged Peak Energy Inc. (NYSE:JAG), the company witnessed their stock rise $0.27 over a week and surge $0.75 from the price 20 days ago. When compared to their established 52-week high of $13.12, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/11/18. The recent low of $5.8 stood for a -42.57% since 08/14/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Jagged Peak Energy Inc., the two-week RSI stands at 54.83. This figure suggests that JAG stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current JAG readings is similarly very revealing as it has a stochastic reading of 78.43% at this stage. This figure means that JAG share price today is being oversold.
Technical chart claims that Jagged Peak Energy Inc. (JAG) would settle between $7.84/share to $7.92/share level. However, if the stock price goes below the $7.64 mark, then the market for Jagged Peak Energy Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $7.53 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.19. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Seaport Global Securities lowered their recommendation on shares of JAG from Buy to Neutral in their opinion released on October 10. KeyBanc Capital Markets analysts bumped their rating on Jagged Peak Energy Inc. (NYSE:JAG) stock from Sector Weight to Overweight in a separate flash note issued to investors on September 16. Analysts at BofA/Merrill lowered the stock to a Neutral call from its previous Buy recommendation, in a research note that dated back to September 10.
JAG equity has an average rating of 2.29, with the figure leaning towards a bullish end. 19 analysts who tracked the company were contacted by Reuters. Amongst them, 9 rated the stock as a hold while the remaining 10 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 10 analysts rated Jagged Peak Energy Inc. (NYSE:JAG) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, JAG stock price is currently trading at 9.46X forward 12-month Consensus EPS estimates, and its P/E ratio is 15.5 while for the average stock in the same group, the multiple is 13.3. Jagged Peak Energy Inc. current P/B ratio of 1.8 means it is trading at a premium against its industry’s 1.2.
Jagged Peak Energy Inc. (JAG)’s current-quarter revenues are projected to climb by nearly 26.1% to hit $174710, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 3.2% from $581640 to a noteworthy $600160. At the other end of the current quarter income statement, Jagged Peak Energy Inc. is expected to see its adjusted earnings surge by roughly 30.8% to hit $0.17 per share. For the fiscal year, JAG’s earnings are projected to climb by roughly -23.4% to hit $0.49 per share.